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Description
Main Road Facing HDB Shop House for Sale
High Visibility. High Human Traffic
SELLING BELOW VALUATION !
• Total size – 1640 square feet (approx.)
1st floor – 745 square feet (approx.)
2nd floor – 895 square feet (approx.)
• Highly visible along Ang Mo Kio Ave 6.
• 2nd floor approved for commercial use.
• Tastefully renovated. Owner recently spent $400,000 on renovation. (See photos)
• Suitable for TCM, child care, education, clinic, beauty services, or investor buying to rent out as co-working space.
• Ground floor - Reception area, 3 small offices, 2 toilets.
• 2nd floor floor - Common area, 4 small offices, 1 meeting room, 1 pantry, 2 toilets.
• Availability of car park lots nearby.
• Surrounded by coffee shops, convenient stores, amenities, residential housing.
• Selling vacant possession.
• Estimated rental of $9,000 to $13,000/mth. Rental yield approx. 4%
• Recent Bank Valuation at $3,600,000.
• 99 years lease from 1980.
• No GST
Attractively priced compared to recent transactions in the same area.
Blk 721 Ang Mo Kio Ave 8 #01-XX sold at $3,700,000 (1543 square feet) on 24 March 2016.
