Shop / Shophouse for Sale in Lorong 7 Geylang

Freehold 300.6 sqm Land | 3 Adjoining Units | MP2025 Plot Ratio 2.8 | Redevelopment Potential A rare opportunity to acquire a freehold 3-unit, 2-storey shophouse property in the established Geylang precinct, comprising three adjoining units sitting on a substantial 300.6 sqm land parcel. The property is offered for sale by collective sale between two owners and presents an attractive proposition for investors, owner-occupiers and developers looking for a sizeable freehold site with redevelopment potential. KEY PROPERTY HIGHLIGHTS * Freehold tenure * 3 adjoining units sold collectively * Land area: 300.6 sqm * Existing 2-storey building * Estimated existing built-up area: approximately 600 sqm * Non-conservation property * Current rental income of approximately $32,000 per month * Excellent accessibility to Kallang MRT * Approximately 8 minutes' walk to Kallang MRT Station * Close proximity to James Cook University Singapore REDEVELOPMENT POTENTIAL A key attraction of this property is its underlying land value and redevelopment potential. Based on Master Plan 2025 planning parameters verified for the site, the property is zoned Residential / Institution with a plot ratio of 2.8. With a land area of 300.6 sqm, a 2.8 plot ratio corresponds to a theoretical gross floor area of approximately 841.7 sqm, subject to prevailing planning and development controls and approval by the relevant authorities. This provides an opportunity for purchasers to explore a substantially larger redevelopment compared with the existing approximately 600 sqm, 2-storey building. The site therefore offers potential for a future multi-storey redevelopment, subject to planning approval, applicable development controls and the purchaser's appointed Qualified Person. STRATEGIC GEYLANG LOCATION Located along Lorong 7 Geylang, the property is situated within one of Singapore's established city-fringe neighbourhoods, known for its distinctive streetscape, diverse food and lifestyle offerings, and architectural heritage. Geylang has a recognised heritage character, with URA describing the area as having a rich architectural heritage and a distinctive mix of shophouses, bungalows and other building types. Importantly, this particular property is non-conservation, providing greater flexibility for redevelopment compared with a conserved shophouse, subject to the applicable planning and development requirements. CONNECTIVITY & AMENITIES Kallang MRT Station is approximately an 8-minute walk away, providing convenient access to the wider MRT network. James Cook University Singapore is also located nearby at Sims Drive. The location benefits from the established Geylang commercial and residential catchment, with easy access to dining, retail, transport and amenities. INVESTMENT / DEVELOPMENT PROPOSITION The existing property provides an immediate rental income stream of $32,000 per month, while the substantial freehold land parcel provides a longer-term redevelopment proposition. For purchasers assessing the property on a land-value basis, the combination of: Freehold tenure + 300.6 sqm land + 3 adjoining units + non-conservation status + MP2025 plot ratio of 2.8 + city-fringe location makes this a compelling site to evaluate for future redevelopment. Property Overview & Financial Breakdown: Parameter Details Property Type2-Storey Shophouse Block (3 Units Side-by-Side) Land Size 300.6 sqm (~3,235 sq ft) Existing Built -Up~600 sqm (~6,458 sq ft) Zoning Residential / Institution (Plot Ratio 2.8) Max Allowable Height Up to 6 Storeys Current Gross Yield ~3.9% per annum ($32,000/month) Land Rate ~$3,647 psf on Land Area Why Rebuild? While the existing shophouse delivers a reliable ~3.9% yield, the true capital upside lies in maximizing the 2.8 plot ratio. Rebuilding to a 6-storey structure allows investors or institutional operators to add significant floor space, ideal for student accommodation, co-living concepts, corporate headquarters, or boutique residential developments (subject to authority approval). Serious enquiries only. Viewing and further details available upon request.