Residential Shophouse with Commercial on 1st Storey | Freehold Shophouse Tour | $7.35M, D09 (Melvin)

Описание: PropertyLimBrothers is bringing you to something different today. If you are a shophouse lover, the time has come. We are featuring a freehold shophouse in our home tour series! This corner shophouse standing in the heart of District 09, is for mixed-use, where the level one is planned for commercial purposes, while level two and the attic are for residential, though the overall land title is still commercialised.

As compared to pure commercial status shophouses that range from above the $10 mil mark to even $20 mil, how does our unit at 248 River Valley fare in comparison? We get a prime locale, level one basically already tenanted out which we feel will be here to stay for awhile since it has already built its own name as the mini mart around the area for residents nearby. What owners have to basically take care of is the tenancy of the second and attic levels, which is also not a difficult task as given this centralised location, the tenancy demand here is almost back-to-back, leaving almost no time periods vacant.

But what are some other considerations investors might have in the mid to long-run? Come join Melvin as he brings you a never seen before educational segment about shophouses and its history of the five-foot way, as well as some pricing breakdown analysis.

00:00 Intro
00:34 Level 2 Residential portion
01:00 Studio unit 1
01:28 Location
02:24 Back to studio
03:08 Studio unit at attic level
04:13 History of shophouse
05:02 “Five-foot way”
04:49 Master plan of Orchard Road
06:27 Reason to buy a shophouse
07:21 Types of shophouse
08:41 Potential buyer
08:57 Size of shophouse
10:00 Pricing analysis (using individual name or company name to purchase)
11:53 Allowable usage for 3 storey
12:29 Ownership VS Tenancy
13:00 20 years as example as a owner to own this shophouse
14:10 Wrap up
14:16 Contact numbers

#PropertyLimBrothers​ #RiverValleyRoad #Shophouse

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© PropertyLimBrothers™ 2021

PropertyLimBrothers is an independent team under the umbrella of PropNex Realty Pte Ltd (Agency Licence No. L3008022J)

Beginning in 2007, PropertyLimBrothers has grown to help over 1400 clients transact their homes. We recently set an incredible record in Singapore during the last 24 months — transacting over 269 properties.

From humble beginnings as Singapore prison officers, co-founders Melvin and Adrian decided to begin something memorable together. Since then, they have transacted more than 1400 properties and successfully helped many families with their real estate needs and investment properties.

PropertyLimBrothers is the first in Singapore to create Home Presentation Tours with a welcoming approach — weaving plus points, features, benefits and crafting a story for each property. Video count is more than 600, and it grows rapidly weekly.

Producing Signature Home Tour videos with unique content has become PropertyLimBrothers's daily bread. Content are created and curated in-house (PropertyLimBrothersMedia), as with the social media analytics and Editorial Team.

The tagline #RealEstateWithIntegrity​​​ lies within the heart of the entire team, as only through glorifying God in work and business, will our daily hustle be meaningful.

#LoveYourNeighbour​​​ as thy self is a commandment that should be innate for our marketplace. Naturally, excellence follows through this, while treating clients with love, integrity and care.