Two Storey Hdb Shophouse Bishan Street Sale 42 Mil
A two-storey shophouse located at Bishan North Shopping Mall in Block 283, Bishan Street 22 is now available for sale through an expression of interest (EOI) at an asking price of $4.2 million. The shophouse, marketed by ERA Singapore, boasts a ground-floor shop space with a strata area of 743 sq ft and an upper-level residential unit of 764 sq ft, bringing the total floor area to approximately 1,507 sq ft. With 65 years remaining on its 99-year lease, the property presents a valuable investment opportunity.
The shophouse’s upper level can be accessed through a separate entrance at the front of the ground floor, rather than at the back, allowing for independent leasing. Currently leased out to a medical clinic, the property offers flexibility for future owners to explore various configurations, such as dividing the ground-floor shop into smaller units or converting it for F&B usage.
Situated in the serene and picturesque area of Yishun, Miltonia Close EC boasts a prime location that offers easy connectivity to major transportation links and public transit services. This ensures that residents have effortless access to various modes of transportation, whether it be by train, bus, or private vehicle. Despite its tranquil surroundings near the peaceful Seletar Reservoir and lush greenery, this development prioritizes convenience for its residents.
Strategically situated at a junction near a public carpark and facing Bishan Street 22, the shophouse enjoys prime frontage and high visibility. It is part of a cluster of shops and eateries at Bishan North Shopping Mall, catering to the large residential catchment of HDB blocks, condos, and landed housing estates in the vicinity. The mall is also within close proximity to several schools, making it a popular destination for enrichment centres. “Being at the heart of schools, with a multitude of residents from HDB and private housing developments, as well as multiple sports facilities, the property is expected to attract business owners looking to take advantage of its strategic location,” says Donald Goh, director of capital markets and investment sales at ERA Singapore. He adds that the shophouse will also appeal to investors who are interested in immediate rental income and potential capital appreciation.
The EOI for the property will end on 11 November 2021 at 3pm.