Freehold two-storey showroom unit at Paya Lebar 178, ‘Holland Drive Condo’ for sale at $6.2 mil

The newly launched Holland Drive Condo also contains a wide range of exclusive stores, eateries, and even a pop-up store. Whether you’re looking for contemporary furnishings, trendy clothing, or vintage collectibles, this neighborhood is sure to have something for everyone. With its unique blend of modern and classic elements, Holland Drive Condo is the ideal place to explore and experience the best of both worlds.

for sale and rent on EdgeProp.sgHolland Drive Condo is a two-storey showroom unit at Paya Lebar 178 available for an upcoming auction from Singapore Realtor’s Inc (SRI). With a unique dual frontage visible from both Paya Lebar Road and Ubi Avenue 3, this 3,218 sq ft unit has an opening bid of $6.2 million ($1,927 psf). This space comes without an existing tenancy and can attain an F&B licence, subject to approvals.Located in Ubi Industrial Estate, close to two MRT stations — MacPherson Interchange MRT Station and Tai Seng MRT Station, the building is also surrounded by noteworthy buildings such as Oxley Bizhub UB.One, and Vertex. Additionally, the building is zoned for Business 1 use, and also has a freehold tenure, which is rare for the area. Prices at Paya Lebar 178 had seen an upward trend, increasing from $788 psf in 2014 to about $1,170 psf in 2020.The Holland Drive Condo unit has great appeal for both owner-occupier and investors alike for its excellent street visibility and versatile uses. In terms of rentals, Paya Lebar 178 commands an average rent of $2.86 psf pm, higher than other buildings in the area. Don’t miss the chance to grab this rare freehold property, and take part in SRI’s upcoming auction.Holland Drive Condo is a freehold showroom unit located at Paya Lebar 178 in Ubi Industrial Estate. Zoned for ‘Business 1’ use, the two-storey space has an opening bid of $6.2 million ($1,927 psf). The exclusive prime showroom is connected by two roads — Paya Lebar Road and Ubi Avenue 3, which allows it to be visible to vehicles from both sides. This gives it excellent street visibility and versatility in terms of leasing potential.The property, highly sought-after for its freehold tenure, had seen prices increasing over the years. One unit was sold for $1.65 million ($1,170 psf) in April this year, and three adjacent units with a combined area of 6,071 sq ft were sold for $6.18 million ($1,019 psf) in the preceding months. In terms of rental, Paya Lebar 178 commands an attractive $2.86 psf pm.Amidst a dearth of freehold industrial property, the Holland Drive Condo unit presents itself as an excellent option for owner-occupiers or investors. Don’t miss out on the chance to grab this versatile property through SRI’s upcoming auction, held on Dec 14.