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Current Tenancy
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Property Details
Information provided by the owner.
2 Adjoining HDB Shophouses | Snap Fitness | 4.8% Gross Yield
PROPERTY DESCRIPTION
Rare opportunity to acquire two adjoining, two-storey HDB shophouses at Jurong West Avenue 1, presently combined and leased to a 24/7 Fitness Gym Jurong West as one large-format 24/7 fitness facility.
INVESTMENT HIGHLIGHTS
Asking price: S$4.5 million
Current rent: S$18,000 per month
Annual rental income: S$216,000
Indicative gross yield: 4.80%
Tenancy until: December 2027
Total area: Approximately 3,875 sq ft
Indicative asking rate: Approximately S$1,161 psf
The acquisition comprises two side-by-side shop units offering approximately 1,959 sq ft on the ground floor and 1,916 sq ft on Level 2.
Unit 1: Approximately 2,034 sq ft
Ground floor: 926 sq ft
Level 2: 1,109 sq ft
Unit 2: Approximately 1,841 sq ft
Ground floor: 1,033 sq ft
Level 2: 807 sq ft
WHY THIS ASSET STANDS OUT
This is more than a tenanted shophouse investment. The adjoining configuration provides the scale required by a full-service fitness operator without the need to assemble multiple premises.
A further differentiator is the existing 24/7 gym configuration. Comparable change-of-use applications may face heightened scrutiny where residential premises are located immediately above, particularly in relation to noise, vibration and structural loading.
Subject to verification of the existing approval and its conditions, this established operating platform may therefore be difficult for a tenant to replace. The resulting relocation friction could support tenant retention and provide the owner with renewal or rental re-gearing potential when the tenancy expires in December 2027. Renewal is subject to negotiation and is not guaranteed.
Located within a mature Jurong West residential estate, the property benefits from an established neighbourhood catchment, convenient public transport connections and proximity to everyday amenities.
An attractive opportunity for investors seeking immediate rental income, a competitive entry price and ownership of two adjoining HDB shop units with a distinctive operating use.
Viewing is strictly by appointment.
Contact William Choo at +65 8828 3322 for further information.
All areas, rental particulars, tenancy terms and use approvals are subject to contract and verification. Buyers should independently verify the titles, remaining lease, floor areas, permitted use and operating hours, approval conditions, continued applicability of approvals, building and fire-safety compliance, financing eligibility and applicable taxes or stamp duties.
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