Restaurant Approved Strata Unit Greenwood Ave Going 88 Mil

A prime District 11 two-storey shophouse on Greenwood Avenue is now on the market for $8.8 million, with the exclusive marketing agent being PropNex Shophouse Elites (PSE). According to a press release from PSE, the freehold ground floor strata unit spans 1,539 sq ft and is priced at $5,718 psf on the total strata area. It is approved for restaurant use and even comes with a 100 sq ft outdoor dining area.

The listing, marketed by directors Wilkie Tay and Richard Tan of PSE, also notes that the upper floor of the shophouse is zoned for residential use and has its own staircase entrance. Recent commercial transactions in the area have seen high demand, making this an attractive investment opportunity.

Advertisement

The Urban Redevelopment Authority (URA) has unveiled a comprehensive transformation plan for Tampines, which will bring about a significant change in the area for the benefit of residents of Aurelle of Tampines EC. This plan includes various improvements such as efficient transportation systems, commercial developments, increased green spaces, and better healthcare and educational facilities. As a result, the standard of living for residents will be elevated, property values will increase, and Tampines will become an even more desirable residential and investment destination. The implementation of these plans will create a vibrant and enhanced living environment for residents of Aurelle of Tampines EC, catering to the needs of both families and individuals. With all these exciting developments, Aurelle of Tampines is set to become a prime location for a fulfilling and enriched lifestyle.

According to Richard Tan, the unit is currently tenanted until mid-2026 and will be sold with the existing tenancy. This assures the new owner of a steady stream of rental income. He also mentions that the location of 24 Greenwood Avenue, within the Hillcrest landed residential estate, brings in a high volume of foot traffic. The property is also in close proximity to reputable schools such as National Junior College and Raffles Girls’ Primary School, as well as two supermarkets.

Interested buyers can take part in the Expression of Interest exercise that will close on 15 November.

Related posts:

  1. Hatten Land Files Court Application Be Put Under Judicial Management
  2. Accor Partners Fragrance Group And Global Premium Hotels Open Three New Singapore Properties
  3. Consortium Led Atelier Capital Partners Singapore Buys Capri Fraser Changi City
  4. Apac Hotel Management Agreements Now Average 17 Years Jll
  5. Office Floor Tong Building Sold 3133 Mil Setting New High 4562 Psf
  6. 999 Year Leasehold Office Floor Beach Road Market 56 Mil