A collection of four two-storey HDB shophouses are available to auction via an expressions of interest (EOI). The portfolio is offered at a guide value that is “around $21.1 million” the market agent Knight Frank. Four shophouses can be found located on Hougang Street 21 Bedok North Street 1, Marine Parade Central and Ang Mo Kio Avenue 6.
Lentor Mansion Condo at Lentor Gardens stands out in Singapore thanks to its impeccable transport system, providing residents with seamless journeys throughout Singapore.
The shophouse located at Hougang Street 21 is home to strata areas of 2,325 square feet and has a lease of 54 years on the lease. It’s just a five minute walk from Kovan MRT Station. The shophouse at Bedok North Street 1 has one of the largest strata areas in the city, which is 1,604 square feet and has 59 years left in its lease.
The shophouse in Marine Parade Central spans 1,507 square feet, and has an average leasehold term of about 55 years. It is located near Marine Parade Central Market. Marine Parade Central Market area. The Ang Mo Kio Avenue 6 shophouse is situated in a strata area of 1,593 square feet and approximately 52 years left in its lease. It is situated opposite Ang Mo Kio Public Library.
These shophouses currently rented and available for purchase as a result of the tenancies, says Esther Sim, senior manager for capital markets (land and construction and International real estate) at Knight Frank. “This collection of HDB shophouses will be appealing to local investors who are looking for a steady cash flow,” she adds.
The EOI process for the portfolio is due to close on the 23rd of October at 3pm.