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291 Serangoon Road is a prime freehold six-storey commercial building in the city-fringe.
Located along the bustling Serangoon Road, the commercial building sits on a corner plot and an excellent 35-metre wide dual frontage. It is located within a short 5-minutes walk to the Farrer Park MRT station. Freehold commercial building of such scale and profile are rare and highly sought after. This is a rare opportunity for an incoming purchaser to acquire and create an highly visible iconic flagship building with naming rights in an location which is undergoing rejuvenation and gentrification.
1. Prominent Flagship Asset
The asset presents a rare opportunity to acquire a commercial building in a bustling city fringe locale. The property is highly prominent, occupying a corner plot location directly fronting City Square Mall. Freehold commercial buildings of this profile and scale are rare and tightly-held. Incoming investors have the opportunity to create an iconic flagship building with naming rights.
2. Coveted Freehold Tenure
Freehold assets are highly sought after due to their investment value and for wealth preservation purposes. Inherent in freehold ownership, investors has the opportunity to acquire a “forever hold” property with the full flexibility for a long-term holding strategy.
3. Ideal for Owner-Occupiers
With majority of its tenancies expiring by end 2019, the Property is ideal for owner-occupiers looking for an exclusive building for its head office or operations.
4. Trendy & Upcoming Destination
With its rich cultural heritage and close proximity to the city, the area has evolved into a commercial and medical hub supported by an abundance of trendy Food & Beverage and lifestyle offerings. The area is undergoing rapid growth, seeing several new and upcoming developments including Centrium Square and Uptown at Farrer and Connexion. Major commercial developments in the area include City Square Mall, Park Hotel Farrer and Farrer Park Hospital. The area bustles with activities having popular cafes, restaurants, boutique hotels and art galleries line its streets. The property is well-poised to benefit from capital and rental upsides in this prime locale.
5. Excellent Accessibility
The Property is located 200m from Farrer Park MRT and a short 10-minute drive to the CBD.
6. Foreigner Eligible, No ABSD & SSD