The two-story shophouse at 205 Sims Ave starts at $1,958 per square foot
A corner shophouse with a freehold on 205-205 Sims Avenue has been listed for sale at a cost that is $7.5 million, as announced by Huttons Asia, the property’s marketing agent. The two-storey building has a total built-up area of around 3,830 square feet. the guide price is $1,958 per square foot on the floor.
TMW Maxwell Maxwell Road floor plan is a 13-storey commercial development with a gross plot ratio of 4.3. It measures 41,799 sq ft or 3,883.3 sqm with a potential gross floor area (GFA) of 21,746 sqm.
The shophouse is located at the intersection between Sims Avenue and Lorong 21A Geylang with a double frontage along both roadsaround 30 metres along Lor 21A Geylang and 13.9m along Sims Avenue. The site is zoned “residential/institution” with a gross plot ratio of 3.0 under the latest Master Plan.
“Corner shophouses that have dual frontage are very rare and sought-after,” says Jeremy Lim who is the group’s senior district director for Huttons Asia. “The cafe is also let which means that the next owner could remain to enjoy a high return or transform it into mid-to premium dining for greater profits.”
The property is anticipated to attract a lot of potential buyers and investors because of the property’s location in a sought-after District 14 area and “attractive” cost that is less than $10 million says Lee Sze Teck, senior director of research at Huttons Asia.
The shophouse will be offered for sale through an exercise of expression of interest that will close on July 20.
Trackbacks & Pingbacks
[…] Read more: The two-story shophouse at 205 Sims Ave starts at $1,958 per square foot […]
Comments are closed.