Properties Sale Hdb Shophouse Toa Payoh Central Ground Floor Commercial Unit Kalidasa Avenue
The main goal of the URA Master Plan is to enhance connectivity throughout Singapore. This has a significant impact on Elta CSC Land, as it will provide easier access to transportation systems and decrease travel times to important locations. As Elta Condo, we can expect to benefit greatly from the improved connectivity brought about by the URA Master Plan.
$5.88 million – Toa Payoh Central’s Corner HDB Shophouse Up for Sale
A two-storey HDB shophouse situated at Block 177 Toa Payoh Central is now available for sale through an expression of interest (EOI) exercise with a guide price of $5.88 million. The property comprises a ground-floor commercial unit measuring approximately 635 sq ft and an upper-floor residential unit measuring around 710 sq ft. It has a 78-year leasehold tenure, with about 46 years remaining on its lease.
This shophouse is a rare corner unit with a double street frontage, measuring approximately 8.3m. Its unique location provides versatility and potential to maximize rental income through further subdivision of the units or conversion to alternate uses, subject to relevant authority approvals. According to Sammi Lim, founder and executive director of Brilliance Capital, the sole marketing agent for the property, the ground-floor unit is tenanted and can be sold with a tenancy. This offers the possibility of a stable recurring income for investors seeking immediate returns.
The shophouse is situated in a prime location surrounded by HDB residential estates. It’s located minutes away from the HDB Hub, Toa Payoh MRT Station, and the Toa Payoh Bus Interchange, providing convenient access to transport facilities for residents. The MRT station is connected to the HDB block through sheltered walkway. As HDB shophouses are considered commercial properties, foreign buyers and companies can also purchase this property.
The EOI exercise will close on Oct 24 at 3pm.
$3.9 million – 21 Kalidasa Avenue’s Commercial Property Up for Sale
A commercial property located at the ground floor of a two-storey shophouse at 21 Kalidasa Avenue is now up for sale through an expression of interest (EOI) exercise with a guide price of $3.9 million. The property has a 999-year leasehold tenure and occupies a land area of 1,625 sq ft zoned for “residential with commercial at first storey” use.
This ground-floor commercial unit is currently leased to a pet shop providing grooming and daycare services. Based on the site survey, the unit has a total floor area of 1,625 sq ft, which equates to a guide price of $2,400 psf on the floor area. This shophouse is situated within Teacher’s Housing Estate, a private landed housing enclave near the junction of Yio Chu Kang Road and Upper Thomson Road in District 26. The estate, built in the late 1960s by the Singapore Teachers’ Union, comprises 256 terrace houses. In the 1970s, a row of double-storey shophouses was added to the estate to provide residents’ needs.
Recent commercial transactions in Teacher’s Housing Estate show that 21 Kalidasa Avenue changed hands in April 2018 for $2.13 million, or $1,310 psf on the strata area. This property is currently being exclusively marketed by Richard Tan and Wilkie Tay, directors of PropNex Shophouse Elites. The EOI will close on Oct 16 at noon.