High yield freehold 2.5 storeys with rear extension at Joo Chiat road

Rare Freehold Joo Chiat Shophouse with High Yield & 4-Storey Rear Extension

370 Joo Chiat Road | District 15
Guide Price: $11.5M | ~2,632 PSF

Investment Highlights
• Freehold 2-storey with attic and 4-storey rear extension
• Approx. 4,368 sqft built-up | 1,456 sqft land
• Multi-tenant configuration (5–6 units)
• Estimated ~2.7% yield – strong for this stretch
• Sold with existing tenants (immediate income)

Why This Property Stands Out
• Fully maximised GFA – no need for costly rear extension (saves on LBC and construction)
• Efficient layout with side staircase for optimal usable space
• High ceilings suitable for various commercial uses
• Rare wide rear alley with vehicle access for easy loading and unloading
• Parking available directly in front plus public carpark just a minute away

Prime Katong–Joo Chiat Location
• Located within Singapore’s iconic heritage enclave
• Recognised as one of the “World’s Coolest Streets 2025” by Time Out
• Surrounded by popular cafes, restaurants and lifestyle brands
• Close proximity to Katong Point, i12 Katong and approx. 6–8 minutes’ walk to Marine Parade MRT Station

Growth & Upside
• Part of URA’s Historic East Identity Corridor
• Ongoing enhancements to drive footfall and long-term vibrancy
• Fewer than 7,000 shophouses in Singapore
• No ABSD for foreign buyers (commercial asset)

Tenant Profile
• Established tenant mix including lifestyle retail, healthcare, beauty and fitness
• Long-standing tenants providing stable recurring income

Ideal For
• Investors seeking stable yield with capital appreciation
• Foreign buyers and family offices
• End-users looking for a prime heritage asset

Enquire Now
Jesmond Lee
9*****
Everton Estate Pte Ltd