Tracy Goh of PropNex, head of collective sale investment said that this freehold mixed site, commercial cum residential zone is very attractive to many businesses and is subject to change of use from government authorities.
It will appeal to most successful corporations who want a building for their own corporate image.
Potential Business such as:
They will find this potential site very appealing as there are 13 carparks and many free carparks behind the building that allow their customers to visit them freely.
Having your own building will also mean that you can operate the commercial shops 24 hours and that will boost profits immensely.
She points out that there is a large residential enclave behind this commercial site and setting up business here is a great idea.
Currently, there are 3 shops: a vibrant kindergarten of 710 sqm covering level 1 and basement; a café and a maid agency at level 1. Business owners can also apply to increase this commercial element.
The Stradia mixed-use development comprises of 8 residential units and 3 retail shops. The current existing gross floor area of both commercial and residential is 1,797 sqm or 19,342.75 sq ft
The purchaser could increase the potential gross floor area to 2,297.10 sqm under the Masterplan 2019, plot ratio of 3.
In addition, there is a remnant land of 180.3 sqm that can potentially add further to the gross floor area to a total of 2,838 sq m subject to government approval.
For developers, they also have various options on this site; they could either choose to sell the commercial or retain the commercial shops for a good steady cash flow by renting out the kindergarten and cafes.
Another option is that they can sell the residential apartments which will appeal to most home buyers as all units has unblock views with convenience shops below and various eateries nearby.
There is Serangoon sports complex just opposite The Stradia, Nex biggest heartland shopping mall and Serangoon Mrt is about 12 mins walk away.
The public tender for Stradia enbloc site will be extended and close on 29th June, 2021 at 3pm.