4 shophouses in Macpherson Road up for sale

They can be redeveloped to a maximum GFA of 18,267 sqft.

A portfolio of four freehold shophouses along Macpherson Road has been launched for sale by Expression of Interest (EOI), marketing agent CBRE said.

The portfolio comprises 514 Macpherson Road, an intermediate two-storey shophouse; 526 and 528 Macpherson Road, two adjoining two-storey shophouses; and 534 Macpherson Road, a corner two-storey shophouse.

According to an announcement, the properties are zoned “Residential with Commercial at 1st-storey” with a gross plot ratio of 3.0 and a building height up to four storeys. With a total site area of approximately 6,089 sqft, the properties can be redeveloped to a maximum allowable gross floor area (GFA) of approximately 18,267 sqft.

The shophouses are currently fully tenanted with an immediate rental income stream. Three of the ground floor units are leased to F&B operators and the fourth unit is tenanted to a minimart. There are on-street car parking lots in front of the properties and an open-air public carpark in the vicinity.

The properties are a seven-minute walk from Tai Seng MRT station and are connected to key precincts island-wide.

CBRE is the sole marketing agent for this EOI exercise and the properties are offered for sale on a portfolio bundle or individual basis. The EOI exercise will close on 8 August 2018, Wednesday at 3 p.m.

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