Sale SGD 25,000,000
450-452 Serangoon Road, 218139 District 08
- Built-up : -
- Land area : 4984 sq. ft.
450-452 Serangoon Road
Freehold, City Fringe Location, Flexible Potential Uses, Mins To MRT A FREEHOLD zoned commercial with plot ratio 3:0 corner development site with a 40-metre wide dual GOOD frontage along Serangoon Road and Petain Road. *450 Serangoon Road - with land area 1523.11 sqft is a two-story conservation shophouse with a four-story rear extension. *452 Serangoon Road - is an existing four-story corner building with food and beverage (F&B) use on the ground floor. The site occupies a corner shophouse and building with a combined land area of 4984 square feet. The buyer will have the option to amalgamate both properties to develop a 14,952 sq ft corner development. The indicative guide price is in the region of S$25 million, which works out to a unit land rate of about S$1672 per square foot (psf) per plot ratio. Subject to approval from the relevant authorities, potential uses include F&B, retail, showroom, office, medical, entertainment and serviced apartments. Foreigners are eligible to purchase the site. There is also no Additional Buyer's Stamp Duty or Seller's Stamp Duty imposed on the purchase. It is only 150 m from Farrer Park MRT station and a 10 minute drive from the Central Business District and Orchard Road. This rarely available freehold corner site gives developers and owner-occupiers an opportunity to develop OWN iconic flagship building with potential naming rights. This area has been modernized into a vibrant commercial and medical hub in recent years with the opening of City Square Mall, Connexion, Centrium Square and Park Hotel Farrer Park, among other new hip developments boosting potential for more capital and rental upside. GROUND FLOOR