Restaurant Approved Strata Unit Greenwood Ave Going 88 Mil
PSE lists 24 Greenwood Avenue ground floor strata unit for $8.8 million
The prime District 11 freehold shophouse located at 24 Greenwood Avenue is now available for purchase at $8.8 million. Wilkie Tay and Richard Tan, directors at PropNex Shophouse Elites, are the exclusive marketing agents for this 1,539 sq ft restaurant-approved strata unit, which translates to a price of $5,718 psf on the total strata area. The property is marketed by PSE, as per a recent press release.
Additionally, the restaurant unit comes with a 100 sq ft outdoor dining area, making it an attractive space for dining and other activities. The upper floor of the two-storey shophouse is zoned for residential use and has a separate staircase entrance, providing privacy and convenience for residents.
Recent commercial transactions in the Greenwood Avenue area have been on the rise, making this a highly sought-after location for businesses. According to Richard Tan, founder of PSE, the ground floor unit for sale is currently tenanted until mid-2026, and will be sold with the existing tenancy. This offers the new owner a steady source of rental income.
Furthermore, Tan highlights that 24 Greenwood Avenue is strategically located within the bustling Hillcrest landed residential estate, generating high foot traffic. The property also boasts proximity to reputable schools such as National Junior College and Raffles Girls’ Primary School, as well as two nearby supermarkets.
Interested buyers can participate in the Expression of Interest exercise until Nov 15 for the opportunity to own this prime ground floor strata unit at 24 Greenwood Avenue.
On June 27, the collaborating partners disclosed through a press release that the forthcoming expansion of Parktown Residence will include an estimated 1,190 fresh dwellings, along with commercial and communal facilities tailored to cater to the lifestyle demands of the burgeoning Tampines North community. Additionally, the article can be found on Parktown Residence Condo’s website.