Established Hardware Store In Serangoon - Prime Location, High Profit Potential

Maju Avenue is a prominent commercial and lifestyle street in the historic Serangoon Garden landed estate (District 19)
Architectural and Structural Features
• Two-Storey Layout: Most old shophouses feature a traditional two-storey configuration where the ground floor houses commercial enterprises and the upper floor traditionally served as living quarters or storage.
• Five-Footways: Covered pedestrian walkways run along the front of the ground floor, shielding shoppers and diners from the tropical sun and rain.
• Eclectic Facades: Each shophouse exhibits a unique architectural design, character, and color palette rather than uniform corporate storefronts
Architectural and Structural Features

• Two-Storey Layout: Most old shophouses feature a traditional two-storey configuration where the ground floor houses commercial enterprises and the upper floor traditionally served as living quarters or storage.
• Five-Footways: Covered pedestrian walkways run along the front of the ground floor, shielding shoppers and diners from the tropical sun and rain.
• Eclectic Facades: Each shophouse exhibits a unique architectural design, character, and color palette rather than uniform corporate storefronts

Architectural and Structural Features
• Two-Storey Layout: Most old shophouses feature a traditional two-storey configuration where the ground and upper floor both houses commercial enterprises.
• Five-Footways: Covered pedestrian walkways run along the front of the ground floor, shielding shoppers and diners from the tropical sun and rain.
• Eclectic Facades: Each shophouse exhibits a unique architectural design, character, and color palette rather than uniform corporate storefronts
• Origins: Developed in the early 1950s by British engineer Steven Charles Macey, the estate originally served as a residential enclave for British, Australian, and New Zealand military personnel.
• Architecture & Vibe: The neighborhood features low-rise, charmingly disheveled and nostalgic architecture, distinct from much of modern Singapore's high-density urban landscape.
• Limited Supply: There are only 69 commercial shophouses across the entire Serangoon Garden cluster (spanning Maju Avenue, Serangoon Garden Way, and Kensington Park Road), making them tightly held legacy assets.
• Landmarks Nearby: Maju Avenue sits right next to the iconic Serangoon Garden Circus, Chomp Chomp Food Centre, Serangoon Garden Market, and myVillage (a boutique retail mall built on the site of the former Paramount.

Profile of Shophouses on Maju Avenue

• Tenure: Many historical and commercial units in this cluster feature long tenures, including 999-year leasehold titles.
• Structure: Typically two-storey commercial shophouses featuring traditional architectural elements like a five-footway (covered pedestrian walkway) and upper-level open terraces.
• Usage & Zoning: Ground floors are typically vibrant commercial spaces approved for or adaptable to food and beverage (F&B) outlets, bars, takeaway counters, clinics, or childcare centers, while upper floors commonly house enrichment centers, tuition/commercial schools, or offices.
• Market Value: Properties along the avenue command strong valuations; for instance, a 999-year leasehold corner shophouse block (such as around the Maju Avenue and Portchester Avenue junction) has commanded asking prices around $10.8 million (~$3,086 psf on ~3,500 sq ft of built-up area)