Portfolio of six freehold shophouses on Serangoon Road for sale at $63 mil

Portfolio of six freehold shophouses on Serangoon Road for sale at $63 mil

August 1, 2022

A portfolio of six freehold shophouses on Serangoon Road will be put up for sale collectively with a guide price of $63 million in a tender on Aug 2. The properties are marketed by PropNex Realty.

The six adjoining properties are located at 322–332 Serangoon Road in District 8. The two-storey shophouses are located at the junction of Serangoon Road and Kitchener Road, and enjoy double street frontage along both roads.

The buildings sit on a 9,042 sq ft site that is zoned for commercial use with a gross plot ratio of 3.0 under the latest Master Plan. As a result, the new owner has the option to redevelop the site into a six-storey commercial building with a gross floor area of up to 27,125 sq ft, says PropNex.

The shophouses are next to Centrium Square and are opposite City Square Mall. Nearby developments include shopping centres such as Mustafa Centre, hotels such as Parkroyal on Kitchener Road and Holiday Inn Singapore Little India, as well as Farrer Park Hospital.

Farrer Park MRT Station on the North-East Line is less than 200m from the row of shophouses.

Read more at: https://www.edgeprop.sg/property-new...ad-sale-63-mil