Two freehold shophouses on Moonstone Lane for sale at $12.68 million
Situated along Serangoon Road, A pair of renovated corner freehold shophouses will be available for sale through an expression of interest (EOI) exercise. The freehold corner plot moonstone shophouses at at 24 and 26 Moonstone Lane, which just undergo a major overhaul, occupy two individual land titles with a combined land size of 2,877 square feet.
The recently retrofitted freehold 2-storey corner moonstone shophouses are built with an attic and private terrace with built-up area of approximate 6,152 square feet. The shophouses comes with a plot ratio of 3 with a maximum gross floor area of 8,632 sq ft which are zoned for residential use with commercial at the first storey. ground-floor areas for both shophouses have been granted with approval by Urban Redevelopment Authority to use for F&B purpose.
Savills Singapore, Exclusive marketing agent , will put up the shophouses for sales by way of expression of interest . 24 Moonstone Lane has a price tag of $6 million, while 26 Moonstone Lane has a price tag of $6.68 million. Both shophouses have a combined price tag of $12.68 million.
“The shophouses have been superior overhauled recently with much thoughts in consideration, and as such, they would capture wide spectrum of buyers who are looking to either purchase for their own usage or for investments,” says Yap Hui Yee, executive director, investment sales and capital markets at Savills Singapore.
the upper floors of the shophouses can be utilized for residential use while operating restaurant or bistros outlet on the ground floor by keen buyers. Another thoughtful possibility is that the keen buyers can lease the shophouses to co-living or serviced apartment operators, subject to URA approvals.
Nestled within the Moonstone Lane residential enclave bounded by Serangoon Road and the Kallang River, the shophouses are a mere 8-minuites’ walk to The Potong Pasir MRT Station on the North-East Line.
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