**Freehold, Iconic, Strong Capital Appreciation, Conservation Shophouse along Serangoon Road for Sale**
A shout out to investors who want to own a rare, unique, freehold conservation shophouse at Serangoon Road
According to the Urban Redevelopment Authority, 7,000 buildings in Singapore have been given conservation status; out of which, 6,500 are shophouses. Those are differentiated from HDB shophouses by their location, almost exclusively in Central Singapore, and for half of them, in historical districts (Kampong Glam, Chinatown and Little India).
They are the legacy of Singapore's past and the settlements of European and Asian cultures on the island. Due to their tasteful and colourful appearance, conservation shophouses offer a tremendous potential for retail. Shophouse is the most appropriate for small-to-medium companies that seek a "boutique feeling" and a strong identity.
The latest shophouse market trends show a strong price rise in early 2013, following the Government cooling measures on the real estate market. Conservation shophouses provide tenants with cheaper premises than strata units and large malls, and guarantee landlords a quality product with a stable, strong capital appreciation.
Level 1 is F&B approved already by URA and is tenanted to an Indian restaurant
Level 1 and 2 are separate units with individual PUB meters.
This shophouse comes with the following facilities that are already built in:
Level 1 (Est 1700sqft)
1) Built in Wall hole for Exhaust Vent
2) Grease Trap
3) Floor Tiles
6) Open-net ready
7) 3-phase 100amp electricity
8) 2x Personal parking lots
Level 2 Attic (area 1773 542sqft,)
1) Floor Tiles
4) Open-net ready
5) 3-phase 100amp electricity
6) Currently tenanted to an event company
Good frontage, grand building and theres surface carpark opposite the unit that can hold around 100 cars.