Portfolio of HDB shophouses for sale at $21.1 mil

A portfolio of four two-storey HDB shophouses located on Hougang Street 21, Bedok North Street 1, Marine Parade Central and Ang Mo Kio Avenue 6 is up for sale via Expression of Interest (EOI) with an estimated guide price of “around $21.1 million”. Knight Frank is marketing the portfolio of shophouses.

The Hougang Street 21 shophouse has a strata area of 2,325 sq ft and about 54 years left on its lease. It is 500m away from the Kovan MRT Station. The Bedok North Street 1 shophouse has a strata area of 1,604 sq ft and about 59 years remaining on its lease.

The shophouse located at Marine Parade Central has a strata area of 1,507 sq ft and a leasehold tenure of around 55 years. It is a stone’s throw away from the Marine Parade Central Market. Meanwhile, the one on Ang Mo Kio Avenue 6 has a strata area of 1,593 sq ft and a remaining lease of some 52 years. It is located across Ang Mo Kio Public Library.

All the shophouses are currently tenanted and will be sold with the existing tenancies. Esther Sim, Senior Manager for Capital Markets (Land and Building, International Real Estate) at Knight Frank, says the portfolio will appeal to investors looking for income. “This portfolio of HDB shophouses will appeal to local investors looking for ready income,” she adds.

The EOI exercise for the portfolio will close on Oct 23 at 3pm.

With an estimated guide price of “around $21.1 million” for the portfolio of four two-storey HDB shophouses, Knight Frank is inviting interested investors to submit their Expression of Interest (EOI) to acquire the properties. All the shophouses are located on Hougang Street 21, Bedok North Street 1, Marine Parade Central and Ang Mo Kio Avenue 6.

The Hougang Street 21 shophouse has a strata area of 2,325 sq ft and some 54 years remaining on its lease. It is a five-minute walk from Kovan MRT Station. The Bedok North Street 1 shophouse has a strata area of 1,604 sq ft and about 59 years on its leasehold tenure.

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The Marine Parade Central shophouse has a strata area of 1,507 sq ft with a leasehold tenure of 55 years. It is close to the Marine Parade Central Market. The Ang Mo Kio Avenue 6 shophouse has a strata area of 1,593 sq ft and 52 years remaining on its lease. It is opposite Ang Mo Kio Public Library.

Esther Sim, Senior Manager for Capital Markets (Land and Building, International Real Estate) at Knight Frank, says these shophouses will appeal to local investors looking for ready income. “This portfolio of HDB shophouses will appeal to local investors looking for ready income,” she adds.

The shophouses are currently tenanted and are available for sale with the tenancies.

The EOI exercise for the portfolio will close on Oct 23 at 3pm.

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