>

>

Two-storey commercial shophouse on Holland Avenue for sale at $15.5 mil

By Hailey Yu

/ EdgeProp Singapore |

October 5, 2022 2:46 PM SGT

The freehold commercial shophouse, 263 Holland Avenue, on the market (Credit: CBRE)

EDGEPROP (SINGAPORE) - A freehold two-storey commercial shophouse on Holland Avenue is up for sale via public tender at an indicative price of $15.5 million, or $5,565 psf on built-up area. CBRE is appointed as the exclusive marketing agent for the property.

Read also: Two adjoining shophouses at Devonshire Road on the market for $15.6 mil

Located on 263 Holland Avenue, the shophouse has a built-up area of 2,785 sq ft and a land area of 1,503 sq ft. It is zoned for commercial use and is currently leased to a bank which has been a tenant for more than 10 years, providing a stable base of income for the prospective buyer.

A staircase that leads to the second floor is located at the front of the shophouse, giving buyers the opportunity to lease the property to two tenants.

Both locals and foreigners are eligible to purchase with no additional buyer’s stamp duty or seller’s stamp duty imposed on the commercial property transaction.

Joshua Giam, associate director of CBRE’s capital markets, anticipates the property to be attractive to investors, as commercial shophouses in Holland Village are scarce, with 66 units, and rarely on the market. (Find Singapore commercial properties with our commercial directory)

Holland Village MRT Station (on the Circle Line) is within walking distance.

Holland Village is a popular lifestyle neighbourhood with a distinct character and heritage. It offers diverse cultural, entertainment, F&B and lifestyle options that appeal to locals and tourists. The upcoming integrated mixed-use development, One Holland Village, will add 296 residential units and 255 units of serviced apartments to the area.

Giam expects the property to capture capital and rental upsides from rejuvenation in the area.

The tender will close on Nov 3 at 2pm.

Check out the latest listings near Holland Village, One Holland Village, Holland Village MRT Station

Tags:

CBRE shophouse Holland Village

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Government ramps up private housing supply; offers three EC sites on Confirmed List

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

What’s next for Bayshore

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00