HDB shop Teck Whye Lane on the market for $4.45 mil near Zion Road GLS

The sale of a family restaurant situated at 138 Teck Whye Lane is up for expression of interest (EOI) exercise at the guide price of $4.45 million, as confirmed by appointed marketing agent Huttons Asia. Strategically located near Zion Road GLS, the HDB shop enjoys steady patronage given its proximity to HDB flats in the Chua Chu Kang estate. With site area of 732sqft (excluding outdoor refreshment area), the shop has a lease of 93 years, with a balance lease of approximately 61 years, and generates a rental yield between 4.5-5%.

The property provides a rare opportunity for buyers to obtain an HDB shop with F&B approval that can provide steady rental returns, as highlighted by Jeremy Lim, executive group district director at Huttons Asia. Additionally, the smaller quantum of the property vis-a-vis alternative F&B commercial properties makes it appealing for both business owners and investors, according to Dex Ho, senior marketing director at Hutton Asia.

Zion Road GLS also offers an array of recreational facilities, such as tennis courts, swimming pools, fitness gyms, and 24-hour security. Residents can also access the numerous amenities and facilities of the nearby Great World City and Zion Riverside Food Centre. With spacious and luxurious units available, Zion Road Condo is an ideal location for discerning families looking for a sophisticated lifestyle.

Lee Sze Teck, Huttons Asia’s senior director of data analytics, noted that the property does not come with living quarters and is free from additional buyer’s stamp duty and open to foreign buyers. As such, it is an attractive option for potential buyers who are keen on the Zion Road GLS locale. Sales transactions of commercial properties on Teck Whye Lane also reveal the area’s investment potential.

The EOI exercise for the shop is open until Dec 8, 2020, 4pm. Prospective buyers who are keen on the Zion Road GLS locale should not miss this opportunity.