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$1,500,000

City Fringe Near MRT Office 228 serangoon road For Sale

  • Address: 228 serangoon road
  • District: D08 Farrer Park / Serangoon Rd
  • Commercial Type: Office
  • Build in area (square feet): 1140
  • Commercial Leasehold: Freehold
  • Condition: Partially Furnished
  • Contact Person: Vincent Low
  • Mobile: 9320 6549
  • Email: --
  • Listed: 31/12/2013 3:53 am
  • Expires: This ad has expired
City Fringe Near MRT Office 228 serangoon road For Sale
9999_years_city_fringe_near_mrt-2

Description

Pros:
9999 years
Under URA guidelines, this unit can house a maximum of 15 students
This unit can also be leased out to 4 individual companies needing small office space in town. The hall can be a reception area with couches. And the kitchen area as a pantry.
Commercial Zoning (can be converted to commercial/ office status subject to URA approval)
Own a part of the most prosperous stretch of Little India Serangoon Road!

Location Location Location!!! Extremely Good Location: 2 to 5 minute walk away from Farrer Park MRT, 2 MRT stop to Dhouby Ghaut MRT interchange which have Purple, Red and Orange Line, 3 stops to City Hall to access green line, 4 stops to Town, 5 stops to CBD. .
Located also near to City Square Mall and Mustafa, and super close to the upcoming and upmarket Connexion Private Hospital and Hotel. Also near to SMU, SOTA, La Salle Arts College and many private institutions like TMC, Informatics etc are also in the Selegie, Middle Road & Bugis vicinity
Lots of Development taking place which means Capital Gain Potential!
Possibly the best location in town. Not affected by ERPs, yet being super close to the city. Bugis and Raffles Hotel area, Marina Bay Sands, the Museum district, Orchard, Newton and Novena all within a 2 minute drive

Well-designed unit with 4 Bedrooms, 3 Toilets and 3 Showers and a kitchenette!

Cons:
Aged external common stair core which can be easily refurbished and repainted

As an investor you can potentially get good rental from many students or get capital gain from enbloc as this is the residential property on commercial land, who knows it might be like pavilion square shop that sold for a record high of $10,879psf.
As for own stay, this location provides extremely high level of convenience and accessibility, the location is so great I would love to stay there.
All these pros with so little cons at such amazing price. Asking $30k below valuation because they are moving overseas, grab it before it’s gone!

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Ad Reference ID: 59952c22e418885c

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