Two freehold shophouses on Moonstone Lane for sale at $12.68 million
A pair of renovated corner freehold shophouses Situated along Serangoon Road will be make available through an expression of interest (EOI) exercise. The shophouses at 24 and 26 Moonstone Lane, which just completed a tedious renovation, has a combined land size of 2,877 square feet occupy two individual land titles The freehold 2-storey corner moonstone shophouses which recently just been transformed are built with an attic and private terrace with built-up area of approximate 6,152 square feet. The shophouses have 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. both shophouses have been approved by Urban Redevelopment Authority to use ground-floor areas 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 indicative price of $6 million, while 26 Moonstone Lane has a indicative price of $6.68 million. Both shophouses have a combined indicative price of $12.68 million. “The shophouses have gone through a major transformation not too long ago specially crafted for the future owners. Hence, they would cast a bigger network to attract more potential 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 private residential Moonstone Lane enclave bounded by Serangoon Road and the Kallang River, the shophouses are a mere 8-minuites’ walk to The Potong Pasir subway train network on the North-East Line.