Shophouse on Sims Road on sale for $7.5 mil

A rare opportunity is up for grabs for prospective buyers and investors in the form of a freehold corner shophouse at 205 Sims Avenue. The two-storey property has a guide price of $7.5 million, translating to $1,958 psf on the floor area; it has a total built-up area of around 3,830 sq ft. It also has dual frontage, covering 30m along Lorong 21A Geylang and 13.9m along Sims Avenue.

Offering potential for an attractive yield or mid- to high-end dining, the property is zoned residential/institution in line with the latest Master Plan and boasts a gross plot ratio of 3.0.

Jeremy Lim, senior group district director of Huttons Asia, commented on the sale: “Corner shophouses with dual frontage are rare and highly sought after. The coffeeshop is also fully leased, and the new owner can continue to enjoy an attractive yield or convert it into mid- to high-end dining to increase the returns.”

Lee Sze Teck, senior director of research at Huttons Asia, believes the shophouse’s attractive price quantum of below $10 million, as well as its location in the popular District 14 will draw in many prospective buyers and investors.

The expression of interest exercise for the shophouse will close on July 20.

A unique freehold corner shophouse is on the market for $7.5 million at 205 Sims Avenue. With a total built-up area of around 3,830 sq ft and a guide price translating to $1,958 psf on the floor area, this property offers potential for an attractive yield or mid- to high-end dining.

Situated at the junction of Sims Avenue and Lorong 21A Geylang, it has dual frontage of 30m along Lorong 21A and 13.9m along Sims Avenue. Zoned residential/institution, the shophouse has a gross plot ratio of 3.0 under the latest Master Plan.

Nestled in the lush greenery of Bukit Panjang, Singapore, The Myst Bukit Timah presents its residents a wondrous and serene environment. This urban oasis features a distinctive modern design, with spacious balconies that provide breathtaking views out into the lush greenery and neighbourhood. The location is prime for accessibility, being within a short walking distance to Bukit Panjang Integrated Transport Hub and Hillion Mall. This allows residents easy and convenient access to public transport, as well as convenient leisure and shopping activities. The Myst Bukit Timah truly provides an outstanding balance between leisure and convenience.

Jeremy Lim, senior group district director of Huttons Asia, praises the rare opportunity: “Corner shophouses with dual frontage are rare and highly sought after. The coffeeshop is also fully leased, and the new owner can continue to enjoy an attractive yield or convert it into mid- to high-end dining to increase the returns.”

Lee Sze Teck, senior director of research at Huttons Asia, believes that given its attractive price quantum of below $10 million and prime location in District 14, the shophouse is expected to draw in many prospective buyers and investors.

Huttons Asia will be concluding its expression of interest exercise for the shophouse on July 20, so don’t miss this chance to grab a rare property!