Balestier Point Shop Units for Sale - FreeHold
Total Floor Area 1,838 sqm or approx. 19,787 sq ft
VIA AN EXPRESSION OF INTEREST EXERCISE
Description :
Like much of Singapore in the early 1800s, the Balestier precinct was covered in forest. A small river, initially known as Balestier River and later renamed Sungei Whampoa, ran through the area and emptied into the Kallang River Basin. Today, the area is well-known for eateries as well as lifestyle and retail destination.
Strategically located within the vibrant Balestier precinct and one of Singapore's biggest healthcare medical hubs at Novena, the area offers a well-rounded environment to live, work and play. Well known for its traditional eateries and the distinctive streetscape of its conserved shophouse, the area will continue to benefit from the rejuvenation from the developments in the vicinity such as the upcoming refurbished Shaw Plaza, which is scheduled to open in 2021, and the expanded Tan Tock Seng Hospital.
The 2019 URA Master Plan has indicated future road plans to link Kim Keat Road to Tan Tock Seng link which would give the property an additional frontage. The road will also put the property within walking distance to future residential projects slated to be built on the land that was previously the Communicable Disease Centre.
Like much of Singapore in the early 1800s, the Balestier precinct was covered in forest. A small river, initially known as Balestier River and later renamed Sungei Whampoa, ran through the area and emptied into the Kallang River Basin. Today, the area is well-known for eateries as well as lifestyle and retail destination.
Strategically located within the vibrant Balestier precinct and one of Singapore's biggest healthcare medical hubs at Novena, the area offers a well-rounded environment to live, work and play. Well known for its traditional eateries and the distinctive streetscape of its conserved shophouse, the area will continue to benefit from the rejuvenation from the developments in the vicinity such as the upcoming refurbished Shaw Plaza, which is scheduled to open in 2021, and the expanded Tan Tock Seng Hospital.
The 2019 URA Master Plan has indicated future road plans to link Kim Keat Road to Tan Tock Seng link which would give the property an additional frontage. The road will also put the property within walking distance to future residential projects slated to be built on the land that was previously the Communicable Disease Centre.
11 STRATA RETAIL UNITS AT BALESTIER POINT (EN BLOC POTENTIAL)
Property Description |
11 Retail Strata units in Balestier Point with a total area of 19,787 sq ft and 31.72% of the share value in the property. |
Legal Description |
TS 29 Lot 649K |
Year of Completion |
Circa 1986 |
Tenure |
Estate in Fee Simple (Freehold) |
Site Area |
5,789.3 sqm (62,315 sq ft) |
Total Floor Area |
1,838 sqm or approx. 19,787 sq ft |
Master Plan Zoning |
Commercial with Residential |
Max. Plot Ratio |
3.0 |
BALESTIER POINT is an 18 storey and 1 basement strata-titled commercial and residential building of about 30 years old. It has 51 commercial units from Basement 1 to Level 2 and 68 residential units from Level 4 to Level 18.
The commercial units are used for retail shops, health/beauty spa, lounges, trading and agency offices generally.
Highlights :
The commercial units are used for retail shops, health/beauty spa, lounges, trading and agency offices generally.
Highlights :
- Rare freehold tenure
- Significant stake in MCST (Our property consists of 3,172 shares out of a total share value of 10,000, representing approximately 31.72% of the MCST share value.)
- Selected units come with pub / nightclub and restaurant approvals
- Selected ground floor units with main road frontage
- Trading Opportunity (Benefit from the strata market rebound or collective sale potential.)
- Established residential enclave (Surrounded by predominantly private housing units with a ready catchment of potential customers. )
- Flexible sale structure (For sale on a portfolio or individual unit basis.)
- Multiple potential use (With its' strategic location, the units are ideal for retail, fitness centre, showroom, healthcare. offices, subject to relevant authorities' approval. Ideal for both investors and end-user occupiers.)
- Foreigners / companies eligible to purchase
Floor Plan
Units located at Balestier Point for Sale (Good Location!)
#01-02 |
: 366 SQFT |
#01-03 |
: 1539 SQFT |
#01-04 |
: 269 SQFT |
#01-05 |
: 355 SQFT |
#01-06 |
: 3983 SQFT |
#01-09 |
: 861 SQFT |
#01-10 |
: 592 SQFT |
#01-14 |
: 538 SQFT |
#01-15 |
: 775 SQFT |
#02-04 |
: 5609 SQFT |
#02-20 |
: 4898 SQFT |
Address : 279 Balestier Road Balestier Singapore 329727
TEL : + 65 9337 1116
For whatsapp enquiry, please contact :
TEL : + 65 8161 6661
TEL : + 65 9337 1116
For whatsapp enquiry, please contact :
TEL : + 65 8161 6661