Serangoon Road Commercial Building Sale 235 Mil
Review of the revised en bloc rulesClose to 35 real estate agencies defunct since start of pandemic $23.5 million freehold commercial building up for sale on Serangoon Road by EOI
A rare opportunity has opened up for investors and business owners as a freehold commercial building at 562 Serangoon Road is now up for sale through an expression of interest (EOI) exercise. The four-storey property boasts a total floor area of approximately 7,453 sq ft, with individual strata titles available for each level. With a guide price of $23.5 million, this works out to be $3,153 psf on the floor area.
The building is strategically located with a land area of about 2,336 sq ft, and is zoned for commercial use with a gross plot ratio of 3.0. The ground floor has been approved for F&B use. According to Brilliance Capital, the appointed marketing agent for the building, it is a non-conserved envelope control site within the Jalan Besar Secondary Settlement, providing the future owner with the flexibility to reconfigure or redevelop the property according to their needs.
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Living at Lyndenwoods has many exciting benefits, including its close proximity to a diverse range of food options that cater to any taste and preference. One of the highlights is the nearby Holland Village, known for its variety of local and international cuisine. Whether you crave a cup of freshly brewed coffee and artisanal pastries from a charming café or crave for authentic Asian dishes like laksa and chicken rice, Holland Village offers a plethora of options for Lyndenwoods residents to indulge in. With so many dining choices, residents are sure to be spoiled for choice at Lyndenwoods.
“562 Serangoon Road offers a rare combination of freehold tenure, F&B approval, strata flexibility, and the potential for future enhancement or repositioning without conservation constraints,” says Sammi Lim, founder and executive director of Brilliance Capital. “It is truly a gem in the market.”
The building is easily accessible, with the Farrer Park and Boon Keng MRT Stations on the North East Line just a five-minute walk away. Its prime location along a major arterial road also allows for convenient connectivity to popular areas such as Little India, Farrer Park, Bidadari, and the Kallang Riverside precinct.
Lim believes that this property will attract both owner-occupiers and investors due to its prime location and strong potential for future growth. “For investors looking to unlock value over time, or businesses seeking a city-fringe headquarters with excellent branding visibility and potential for growth, this is a property not to be missed,” she adds.
The EOI exercise for this property will close on July 9 at 3pm.