Two prime freehold commercial properties are now on the market, located along Balestier Road and River Valley Road, with a combined asking price of $75 million. The properties are available either as a portfolio or individually, making them attractive options for various types of investors. The listing is likely to draw attention from high-net-worth individuals and family offices, given their potential for strong rental yield and capital appreciation.
The first property, situated at 453 Balestier Road, comprises five two-storey conservation shophouses. It occupies a land area of 6,811 square feet and boasts a gross floor area of approximately 20,089 square feet. With a guide price of $50 million, this property not only presents historical and architectural value but also offers a unique opportunity for redevelopment or continued operation as a commercial establishment.
The conservation status of the shophouses adds an additional layer of appeal, particularly for buyers interested in heritage real estate.
In contrast, the second property located at 268 River Valley Road features a four-storey serviced apartment complex. This property includes 12 residential units, complemented by a retail unit, and is offered at a guide price of $25 million. With a price per square foot of $2,924, the River Valley property represents a lucrative investment, especially given the increasing demand for serviced apartments in urban areas.
Investors may find this property particularly appealing due to its potential to generate steady rental income from both residential and retail tenants.
The sale process for both properties will take place through an expression of interest exercise, which is set to close on June 2. This structured approach allows interested parties to submit their bids in a competitive environment, potentially driving up the sale price.
Both properties are accessible to local and foreign buyers, although the successful acquisition will be subject to respective approvals, adding an element of regulatory consideration to the purchasing process.
Market analysts anticipate that these properties will not only attract interest for their immediate rental income potential but also for the long-term appreciation opportunities that come with owning prime freehold real estate in Singapore’s competitive market.
As urban development continues to evolve, the strategic locations of these properties along Balestier Road and River Valley Road could become even more valuable in the coming years.
Investors keen on diversifying their portfolios with high-quality commercial assets should closely monitor these listings, as opportunities of this caliber are rare. The combination of location, property type, and potential yield positions these freehold commercial properties as compelling investments in Singapore’s ever-changing real estate landscape.
NEW CONDO LAUNCH: SPRINGLEAF MODERN
Springleaf Modern is an exciting new condominium launch offering 300 residential units designed for modern living.
The project features various layouts catering to different family sizes and preferences, all set in a tranquil environment near nature parks and recreational facilities.
With its strategic location near the upcoming Springleaf MRT station, residents will enjoy enhanced connectivity to the city.
The development emphasizes sustainability with eco-friendly features for a greener lifestyle.
For more information, you can access the Springleaf Modern E-brochure and Springleaf Modern Project Details online.
View SPRINGLEAF MODERN ShowFlat & Get VVIP Discount.
Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
Images are not actual photos. For illustration purpose only.