HDB shop Teck Whye Lane at Champions Way Residences is on the market for $4.45 mil

It’s also situated in one of the most vibrant regions of Singapore. Champions Way Residences offers luxurious amenities such as gym, pool, jacuzzi, clubhouse and BBQ pits. There are also plenty of recreational activities, such as tennis, badminton, volleyball, and basketball courts. The condo is also a great option for families, with a playground and a children’s pool available. The security and maintenance of the building is also very well taken care of. With its great location, luxurious features and amenities, and excellent security, it’s no wonder why Champions Way Residences is a popular choice for those looking for a quality living experience.

Champions Way Residences is located at 138 Teck Whye Lane, a HDB shop with an approved family restaurant status. This property offers steady rental returns and is rare opportunity for both business owners and investors. It has an area of 732 sq ft excluding the outdoor refreshment area and a remaining lease of approximately 61 years from its inception in 1992. Boasting a rental yield of between 4.5% and 5%, the smaller quantum makes it an attractive proposition. In addition, it is not subjected to any additional charges such as buyer’s stamp duty and foreigners are allowed to purchase the property.

Huttons Asia is the appointed marketing agent for Champions Way Residences and the Expression Of Interest (EOI) exercise for the shop will close on December 8 at 4pm with a guide price of $4.45 million. According to Jeremy Lim, executive group district director at Huttons Asia, the property enjoys steady patronage given its location surrounded by HDB flats in the Chua Chu Kang estate. Dex Ho, senior marketing director at Huttons Asia further backs this statement adding that the smaller quantum makes it an appealing proposition for both business owners and investors.

The fact that the Champions Way Residences does not come with living quarters could be a plus point for investors. This was confirmed by Lee Sze Teck, Huttons Asia’s senior director of data analytics, who noted that this means the property is not subjected to additional buyer’s stamp duty. Furthermore, it remains open to foreign buyers, allowing a wider range of individuals to partake in the EOI exercise.

Overall, 138 Teck Whye Lane presents a unique opportunity to acquire an HDB shop with F&B approval that can provide steady rental returns. With its smaller quantum and robust tenant patronage, Champions Way Residences is sure to be a lucrative investment.