Two freehold shophouses on Moonstone Lane for sale at $12.68 million
Located off Serangoon Road, A pair of freehold shophouses at 24 and 26 Moonstone Lane, will be available for sale through an expression of interest (EOI) exercise. The freehold corner plot moonstone shophouses which recently just been retrofitted, sit on two individual land titles with a total land size of 2,877 square feet.
The recently renovated freehold 2-storey moonstone shophouses are built with an attic and private terrace with built-up area of approximate 6,152 square feet. The shophouses which have a plot ratio of 3 have a maximum gross floor area totalling 8,632 sq ft which are zoned for residential use with commercial at the first storey. both shophouses ground-floor areas have been granted with approval by Urban Redevelopment Authority to use for F&B purpose.
Exclusive marketing agent Savills Singapore will put up the shophouses for sales by tender . 24 Moonstone Lane has a price tag of $6 million, while 26 Moonstone Lane has a price tag of $6.68 million. Both shophouses have a combined price tag of $12.68 million.
“The shophouses have been magnificently renovated with much thoughts in consideration, and as such, they would captivate a diverse network of buyers who are looking to either purchase for their own use or for investments,” says Yap Hui Yee, executive director, investment sales and capital markets at Savills Singapore.
the upper floors of the shophouses can be utilized for residential use while operating restaurant or bistros outlet on the ground floor by keen buyers. Another thoughtful possibility is that the keen buyers can lease the shophouses to co-living or serviced apartment operators, subject to URA approvals.
Nestled within the Moonstone Lane residential enclave bounded by Serangoon Road and the Kallang River, the shophouses are a mere 8-minuites’ walk to The Potong Pasir MRT Station on the North-East Line.
Lentor Gardens Residences Condo Developer Singapore