Properties
221 Rangoon Road
Property Type: For Sale Category: Shophouse District: District 08 - Little India, Farrer Park Price: $8,880,000
Property Highlights
- Located in the Central Region near the downtown core and the Historic District of Little Ind.
- Strategically positioned for high foot traffic and visibility.
Property Description
Freehold 2-Storey Shophouse With F&B Approved Use On The 1st Floor
The property is zoned as residential according to the 2019 Master Plan and boasts a gross plot ratio of 3.0, offering significant redevelopment potential. Investors have the opportunity to transform and maximize the value of this property by leveraging the high plot ratio for redevelopment, which allows for a substantial increase in built-up area.
The F&B-approved space on the 1st storey is ideally located for high foot traffic and visibility, allowing it to command premium rental rates and attract high-end tenants. This prime positioning not only maximizes return on investment but also increases the overall value of the property, providing significant financial benefits to the investor.
Location Description
Located in a vibrant and bustling neighborhood, the shophouse is less than 10 minutes away from the Farrer Park MRT Station (NE8), offering excellent connectivity and accessibility. The area is rich with amenities, including Mustafa Centre, City Square Mall, and the Civil Service Club, providing a wide range of shopping, dining, and recreational options. Additionally, the healthcare and hospitality hub at Connexion has added further vibrancy and foot traffic to the vicinity, enhancing the potential for business growth and development.
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