BALESTIER POINT

BALESTIER POINT SHOP UNIT FOR SALE - FREEHOLD

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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 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.

7 STRATA RETAIL UNITS AT BALESTIER POINT (EN BLOC POTENTIAL)

BALESTIER POINT is an 18 storey and 1 basement strata-titled commercial and residential building of about 40++ 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 :

Rare freehold tenure
Significant stake in MCST (Our property consists of 2,087 shares out of a total share value of 10,000, representing approximately 20.87% 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