Two freehold shophouses on Moonstone Lane for sale at $12.68 million

A pair of refurbished corner freehold shophouses located at 24 and 26 Moonstone Lane, will be put up for sale by marketing agent, Sallvis Singapore, through an expression of interest (EOI) exercise. The freehold moonstone lane shophouses has a combined land size of 2,877 square feet occupy two individual land titles. The freehold 2-storey corner moonstone shophouses off Serangoon Road are built with an attic and private terrace with built-up area of approximate 6,152 square feet. Both renovated and refurbished shophouses have a plot ratio of 3 with a maximum 8362 square feet gross floor area 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. The shophouses will be put up for sales by way of expression of interest by Sallvis Singapore . Both shophouses have a combination of guide price of $12.68 million with 24 Moonstone Lane a guide price of $6 million and 26 Moonstone Lane with a estimate price of $6.68 million. “The shophouses have gone through a major transformation work last month crafted specially for the future owners. Hence, this will attract more potential buyers with diverse profile 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 Lavender River, the shophouses are a mere 8-minuites’ walk to The Potong Pasir subway train network on the North-East Line.

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