Commercial property solutions as well as investment company CBRE has introduced the sale of four estate shophouses in MacPherson Roadway, with would-be purchasers invited to express interest. The four residential properties consist of an intermediate two-storey shophouse, two adjoining two-storey shophouses as well as a corner two-storey shophouse. The residential properties are zoned "residential with business at first-storey" with a gross story ratio of 3.0 and also a building height of up to 4 storeys. With a total site location of about 6,089 sq ft or specific land dimension of concerning 1,500 to 1,529 sq ft, they can be redeveloped to a maximum gross floor location of regarding 18,267 sq ft. CBRE is the single advertising representative for this expression-of-interest workout, where the buildings are used in a portfolio package or a private basis. The exercise will shut on Aug 8 at 3pm.
CBRE supervisor of funding markets Mr.Lim stated the properties provide high exposure and also feature existing food and also drink (F&B) approvals, both thought about a rarity in today's market. We anticipate eager passion from developers, specialists, household workplaces and private equity funds that are proactively looking for well-located estate shophouses to add to their land bank. These shophouses will additionally appeal to financiers looking for income-producing CBRE buildings for immediate rental income to capitalise on the strong rental benefit. The shophouses are completely tenanted. Three of the ground-floor units are leased to F&B drivers as well as the 4th unit is tenanted to a minimart. They are about a seven-minute stroll from Tai Seng MRT station and also a five-minute drive from Sengkang as well Parc Botannia lorong samak. Parc Botannia is next brand new condominium projects we can begin go to site to check out more details.