Prime Commercial Unit in Chinatown Listed for Sale
A unique opportunity has arisen for investors in Singapore’s real estate market with the listing of a commercial property located at 2A Keong Saik Road. This unit is available for a guide price of $4.1 million, and the Expression of Interest exercise is set to conclude on October 6 at 3 p.m.
The property boasts a spacious total floor area of approximately 1,152 square feet, which includes a main area of about 1,001 square feet alongside an additional stairway space measuring around 151 square feet. Such ample space makes it ideal for various commercial applications.
Strategic Location and Heritage Appeal
This commercial unit is situated in the vibrant Chinatown district, specifically within the Bukit Pasoh Conservation Area, highlighting both its heritage significance and modern appeal. The zoning under the Urban Redevelopment Authority (URA) Master Plan classifies this property as Commercial, thus allowing multiple potential uses.
Flexible Investment Options
With an existing tenancy that concludes towards the end of this year, buyers are presented with flexible options. They can choose to either maintain the current tenant for ongoing rental income or reclaim the property for personal use or reconfiguration enhancements. This adaptability makes it an attractive proposition in today’s dynamic market.
Investment Highlights
The property enjoys a remarkable 999-year lease that commenced on December 1, 1967, making it a long-term asset without concerns over short-term lease expiry common in many other commercial properties. Notably, as this is a commercial listing, it does not attract Additional Buyer’s Stamp Duty.
According to Sammi Lim, Founder and Executive Director of Brilliance Capital, ‘2A Keong Saik Road combines heritage character with long lease tenure and accessible pricing’. This statement underscores not only the value but also the charm associated with this location.
Potential Uses and Accessibility
The zoning allows for diverse possibilities such as wellness ventures, dining establishments, retail spaces, and creative studios—all subject to necessary approvals by relevant authorities. The flexibility regarding usage significantly enhances its allure for prospective buyers looking to invest in a versatile commercial space.
Accessibility is another key advantage; the property lies within proximity to several MRT stations including Maxwell, Outram Park, Tanjong Pagar, and Chinatown MRT stations. Additionally, major expressways like Ayer Rajah Expressway and Central Expressway are easily reachable while being close to Singapore’s central business district further adds to its strategic importance.
Your Next Steps
If you’re considering expanding your portfolio or embarking on a new venture in one of Singapore’s most iconic districts, now is the time to explore this opportunity further. Given its unique characteristics and advantageous position within Chinatown’s bustling environment—this listing may be exactly what you’re looking for.
For more details about this prime real estate offering or other investment opportunities in similar locales, visit Dune Earn House Official.
Source: Original Article