67/67A SERANGOON GARDEN WAY - PRIME 999 YEAR TENURE - CBRE
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67/67A SERANGOON GARDEN WAY F U L L C O M M E R C I AL C O R N E R S H O P H O U S E I N T H E H E AR T O F S E R AN G O O N G AR D E N PRIME 999 YEAR TENURE
Serangoon Garden Food Centre
Chomp Chomp Food Centre Serangoon Garden Market & Carpark
CBRE, as the exclusive marketing agent for 67/67A Serangoon Garden Way
(“the Property”) is pleased to offer you the opportunity to purchase a 2 storey
corner shophouse at the heart of Serangoon Garden with prominent main
road frontage along Serangoon Garden Way and Serangoon Circus via a
Public Tender exercise.
Serangoon Garden is a charming rustic private landed housing estate. The
estate is home to affluent and successful locals who choose to design and
build their own homes. Some locational attributes include proximity to
amenities and excellent accessibility to other parts of the island makes it highly
desirable address for home. Most recently with Australian and French
International schools there is a growing presence of expatriates. At the heart
of Serangoon Garden, is Serangoon Garden Circus and Serangoon Garden
Way which is a bustling commercial strip of 69 shophouses. Prominent
landmarks in the area include Chomp Chomp Food Centre, Serangoon
Garden Market & Food Centre, neighborhood Shopping Mall MyVillage, Food
INTRODUCTION and Beverage Outlets, Clinics and lifestyle services.
The development comes with public carparking facility conveniently situated
right in front of the unit. The Property is strategically located within a 13
minutes’ walk to the future Tavistock MRT Station, which is slated for
completion in 2029. Prominent landmarks in the area include Chomp Chomp
Food Centre, Serangoon Garden Market, myVillage at Serangoon Garden,
Serangoon Gardens Country Club and the French and Australian International
School.
The Property will certainly benefit from
the continued rejuvenation and
transformation of the Serangoon area.
This will add to the vibrancy of the area
and benefit the Property. Given the
strategic location and continued
improvement of the identity node, the
purchaser will enjoy stable recurring
income and strong potential for capital
appreciation.
The Property will be tenanted to a bank,
offering the prospective purchaser
immediate rental income. In the longer
term, the Property offers multiple flexible
usages for the prospective purchaser to
explore, including F&B,
healthcare/medical, educational,
showroom, retail, fitness centre, home &
living and lifestyle businesses etc. Given
Serangoon Garden Way and Bus Stop the prime frontage of the commercial
unit, the prospective purchaser can
expect to unlock further capital values
and enjoy a rental upside in the future.
The Public Tender exercise closes at
7th May 2021 Friday, 3:00 pm
Australian International School myVillage Shopping Mall
EXECUTIVE SUMMARY
Address 67/67A Serangoon Garden Way
Singapore 555963
Legal Description MK18-96913P
Tenure 999 Yrs with effect from 1955 (933 Yrs Remaining)
Property Description 2 Storey Full Commercial Corner Shophouse
Land Area 258.5 sqm or Approximately 2,782 sq ft
Floor Area 67 Serangoon Garden Way:219 sqm or Approximately 2,357 sq ft
67A Serangoon Garden Way:168 sqm or Approximately 1,808 sq ft
Total: 387 sqm or Approximately 4,165 sq ft
Existing Approved Use Banking Hall Level 1 & Level 2
Car Parking 56 Public Car park lots in front of the Property Ample Car Parking in the
Vicinity
Tenancy Tenancy details are available upon request
Site Inspection Interested parties are encouraged to contact CBRE to arrange for a site
inspection
Closing of Public Tender
Exercise 7th May 2021 Friday, 3:00 pm
Prominent Frontage
LOCATION
Only Commercial Belt along Serangoon Garden Way
Opposite Serangoon Garden Circus
• Located along Serangoon Garden Way the Subject Property
enjoys a road frontage of approximately 60 meters. The
Property is located at the heart of the bustling Serangoon
Garden Circus area which forms one of the main highlight
districts where buzz and activities lie.
• The estate is a successful reality of Ebenezer Howard’s
Garden City where roads radiate out from Serangoon
Garden Circus and every house is within walking distance to
the circus which serve the needs of residents. There is only
one arterial main road into the estate named Serangoon
Garden Way.
LOCATION MAP 67/67A SERANGOON GARDEN WAY
TAVISTOCK MRT
CR10 (U/C)
67/67A
SERANGOON
GARDEN WAY
SOURCE: URA SPACE
LOCATION
• The immediate vicinity is mixed in character
comprising commercial shops, shophouses,
residential estates, landed housing and
condominium developments.
• Amenities are easily available in the vicinity,
including supermarkets, eateries, restaurants,
banks and shopping. The neighborhood
leverages on the hive of the bustling day and
night activities in the area and enjoys a ready
catchment of potential customers for retail and
commercial businesses.
• The Property also enjoys easy accessibility with
the future Tavistock MRT Station (U/C) located
approximately within a 13-minute walk.
• Connectivity to other parts of Singapore is
enhanced via the close proximity of Pan Island
Expressway (PIE), Central Expressway(CTE) and
other major roads.
KEY INVESTMENT
HIGHLIGHTS
999 Year Leasehold Tenure
Ample Carparking located directly in front of the Property
Wealth Preservation Asset
Ideal for both investors and end-users due to limited numbers of
commercial units in Serangoon Garden Way
Multiple Potential Uses
With its’ strategic location and excellent visibility, the Property is ideal for
F&B, retail, fitness centre, showroom, home & living and lifestyle
businesses; also suitable for childcare, educational activities,
healthcare/medical, investment and owner occupation
Well Connected to other parts of Singapore
Easy connectivity to various parts of Singapore via the East Coast
Expressway (ECP), Pan Island Expressway (PIE) and major roads
Corner shophouse boasting dual main road frontage
Enjoys high traffic flow and immediate catchment from nearby
residential developments
Robust and Immediate Cash Flow
The Property is tenanted to a bluechip leading corporate and enjoys
stable
and immediate rental income stream
Seamless Connectivity Upcoming MRT
Approximately 13 minutes’ walk from future Tavistock MRT Station
Full Commercial Zoning
No Additional Buyer’s Stamp Duty
No Seller’s Stamp Duty
Foreigner / Company eligible to purchase
05FLOOR PLAN
CADESTRAL PLAN
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8FOR MORE INFORMATION, PLEASE CONTACT: Michael Tay Tianyi Chen Salesperson Reg. No.: R003860E Salesperson Reg. No.: R053702D Mobile: +65 9638 2710 Mobile: +65 8160 8808 michael.tay@cbre.com.sg tianyi.chen@cbre.com © 2021 CBRE Group, Inc. Information herein is based on third party sources we believe reliable and we do not assure its accuracy or completeness. Offerings are subject to price changes, rental, other conditions, prior sale, lease or financing, or withdrawal without notice. Historical estimates are for reference only, and do not promise current or future performance. You should hire your own professional advisors to investigate the property and transaction. Agency License No.: L30021631I.
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