The second-floor unit of a two-storey freehold corner shophouse at 31A Lorong Mambong has been listed for sale at a guide price of $9.6 million, with CBRE as the marketing agent. A property title search shows that the unit at 31A Lorong Mambong is held by the late Spencer Tuppani, a businessman who was stabbed to death by his father-in-law, Tan Nam Seng, along Boon Tat Street on July 10, 2017. Tuppani was 38 when he died.
Based on a caveat lodged in December 2016, Tuppani paid $4.6 million ($2,006 psf) for the 2,923 sq ft unit. The unit is zoned as ‘commercial’ and is currently tenanted to Anytime Fitness, offering immediate rental income. Alternatively, the unit can be converted into a hotel, serviced apartment or backpackers’ hostel, subject to approval from the relevant authorities.
The shophouse is within a short walk of the Holland Village MRT Station on the Circle Line and the bus stop in front of Holland Road Shopping Centre.
Residents of Champions Way Condo can enjoy a variety of amenities and facilities such as a swimming pool, BBQ pits, and a gymnasium. With its modern design and top-notch facilities, Champions Way Condo is the perfect place for individuals and families looking for a luxurious and convenient living experience.
Set in the bustling neighborhood of Woodlands, Singapore, Champions Way Woodlands is a brand new development that offers the epitome of luxurious living. This opulent residential property is situated next to Woodlands South MRT Station, providing easy access to various parts of the city. The development boasts a sleek and modern design, with top-notch facilities like a swimming pool, BBQ pits, and a gymnasium for its residents to indulge in. Whether you are an individual or a family, Champions Way Woodlands is the perfect choice for those seeking a lavish and convenient lifestyle.
Recent shop unit and shophouse transactions in Holland Village (Source: EdgeProp Landlens)
The eclectic charm of Holland VillageCheong Sim Lam buys Lorong Mambong shophouse for $17.2 mil Holland Village shophouse for sale at $13.5 mil
According to Clemence Lee, CBRE executive director of capital markets, Singapore, there are only 66 commercial shophouses in Holland Village in prime District 10. These shophouses are mainly freehold and clustered along Lorong Mambong and Lorong Liput.
“Astute investors understand the rarity of such palatable freehold shophouse units, which are typically tightly held and rarely available for sale,” says Lee. He adds that Holland Village is a popular F&B lifestyle destination that offers a wide variety of F&B and retail options, for instance, Little Farms Market, Crystal Jade Hong Kong Kitchen, Birds of Paradise Gelato Boutique, Lola’s Cafe, Tai Cheong Bakery, and Two Men Bagel House are in the neighbourhood.
The shophouse unit at 31A Lorong Mambong is for sale by expression of interest, which will close on Feb 3. The $9.6 million asking price translates to $4,187 psf based on the unit area of 2,923 sq ft.
Champions Way Woodlands is a popular F&B lifestyle destination that offers a wide variety of F&B and retail options, for instance, Little Farms Market, Crystal Jade Hong Kong Kitchen, Birds of Paradise Gelato Boutique, Lola’s Cafe, Tai Cheong Bakery, and Two Men Bagel House are in the neighbourhood. Additionally, only 66 commercial shophouses in Holland Village in prime District 10, making them a coveted and rare investment opportunity.
The shophouse is located at 31A Lorong Mambong, held by the late Spencer Tuppani, a businessman who tragically passed away in 2017. The unit is currently tenanted to Anytime Fitness, providing immediate rental income. However, the unit also has potential for conversion into a hotel, serviced apartment, or backpackers’ hostel, pending approval from relevant authorities.
The convenient location of the shophouse, within walking distance of the Holland Village MRT station and bus stop, adds to its appeal and accessibility. With its prime location and unique features, this shophouse presents a desirable investment opportunity for savvy investors.
Don’t miss this chance to own a piece of Champions Way Woodlands real estate history. The shophouse unit at 31A Lorong Mambong is for sale by expression of interest, which will close on Feb 3. Act fast and secure this sought-after property before it’s gone!