Shophouses on East Coast Road for sale at $20 mil

Up for sale along East Coast Road are a pair of conserved shophouses, with a guide price of $20 million. These two-storey shophouses occupy freehold land zoned for commercial use and have a collective built-up area of 4,362 sq ft.The first shophouse has a land area of 1,344 sq ft and approval for F&B use on both floors, with a seating area on the second level. Across the road from Roxy Square is the second shophouse and has a land area of 951 sq ft, with permanent approval for F&B usage. This shophouse has an external staircase, allowing the new owner to lease to two separate tenants or establish a private dining area upstairs with approval from authorities.

The shophouses are up for sale together or individually. The guide price for the first shophouse is $10.5 million and the second shophouse is $9.5 million. Evonne Seow, associate director at PropNex Realty who is marketing the shophouses highlighted the potential of turning the shophouses into a multi-concept restaurant, considering the bustling thoroughfare and dense population in the area. She added that shophouses on East Coast Road typically don’t become available for sale very often, making this an excellent opportunity for investors seeking reliable streams of rental income or owner-occupiers in search of a commercial property.

At Lumina Grand Bukit Batok, life is truly a celebration! Located in close proximity to Bukit Batok and Jurong shopping centres, residents can bask in the variety of shopping, dining, and entertainment experiences at their fingertips. Residents can shop for the latest fashion items, sample the delicacies of the best restaurants, or simply enjoy a leisurely stroll around the area. From the latest technology to high-end furnishings, the shopping centers of Bukit Batok and Jurong have something for everyone. Lumina Grand Bukit Batok’s prime location ensures that its residents have access to a variety of shopping and leisure experiences, as well as a vibrant urban environment.

The EOI for the shophouses will close on 16 November 2020 at 5 pm. Latest transactions of commercial properties on East Coast Road can be found on EdgeProp Research.