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$4,080,000

Jalan Pinang Shop / Shophouse Retail Jalan Pinang For Sale

  • Address: Singapore, Jalan Pinang
  • District: D07 Beach Road / Bugis / Rochor
  • Commercial Type: Retail
  • Build in area (square feet): 1,400
  • Commercial Leasehold: Freehold
  • Condition: Partially Furnished
  • Contact Person: Manpreet Singh Bajaj
  • Mobile: 9028 9078
  • Email: --
  • Listed: 24/03/2014 3:28 am
  • Expires: This ad has expired
Jalan Pinang Shop / Shophouse Retail Jalan Pinang For Sale

Description

No GST.
FreeHold 2-storey Shophouse
Full Commercial Zone. No absd/ssd problem.
Interior is beautifully renovated.
No parking headache.
Abundant parking at Golden Landmark Hotel just opposite.
Tenanted at $13,800 till 2015.
High Yield of more than 4%.
Fully operational Nightclub on both levels.
Future Potential: This is the street next to Arab Street. The upcoming Duo project built by TEMASEK (5-star hotel, retail gallery, office, 833 residences) is a stone’s throw away. Once that comes up, strong capital gain opportunity because it will be in one of the most happening areas in Singapore. In a Temasek news report, it was written that Kampong Glam is “a new growth area envisioned to become an exciting 24/7 mixed-use cluster. It also enjoys excellent connectivity with the existing Bugis station and the upcoming Downtown line.”
Previous wholesale centre is also a URA Sale site for Hotel Redevelopment. This shophouse is sandwiched between 2 big projects which is something u definitely cannot say for other areas. This place is going to be booming, u can already see it starting.

Source for Temasek News: http://www.temasek.com.sg/mediacentre/newsreleases?detailid=8259

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Ad Reference ID: 556532fa50bbccb6

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