Rare conservation commercial asset
Former National Aerated Water building
Beside Kallang River & park connector
The address is close to PIE, CTE and TPE.
A rare opportunity to own one of Singapore’s distinctive freehold conservation commercial buildings.
Located at 1177 Serangoon Road, the National Aerated Water Building is a restored two-storey Art Deco landmark fronting the Kallang River. Originally built in 1954 as a soft-drink bottling factory, the property forms part of Singapore’s industrial heritage and was gazetted for conservation by URA in 2017.
The building offers approximately 6,555 sqft of strata area across three commercial units and is sold as a whole. The ground floor comprises spaces approved for restaurant and shop use, while the second floor provides a large office space with an open, column-free layout.
One of the building’s strongest features is its setting. It enjoys approximately 30 metres of prominent Serangoon Road frontage, while the rear connects directly towards the Kallang River and park connector. A communal roof terrace overlooks the river, adding another layer of character rarely found in conventional commercial properties.
The National Aerated Water Company operated from this building from the 1950s, producing well-known drinks including Sinalco, Kickapoo and Royal Crown Cola.
Instead of demolishing the original structure when the surrounding site was redeveloped, the building was conserved, restored and incorporated into the adjoining Jui Residences development.
Today, it presents an unusual opportunity for an investor, owner-occupier or corporate buyer looking for an asset that combines heritage, branding potential and practical commercial space.
The ground floor includes approximately 2,454 sqft approved for restaurant use, together with an additional approximately 689 sqft shop unit.
The second floor offers approximately 3,412 sqft of office space, featuring a largely column-free floor plate and approximately 3.5m ceiling height.
This mix allows an incoming owner to explore different occupation or leasing strategies across F&B, retail and office uses, subject to the relevant approvals.
The property is positioned along Serangoon Road, between the established Potong Pasir and Boon Keng areas.
Potong Pasir MRT (NE10) – approximately 650m away
Boon Keng MRT (NE9) – approximately 850m away
Its location also provides convenient road connectivity towards the city and major expressways.
This is not simply another strata commercial unit.
The combination of freehold tenure, whole-building ownership, conservation architecture, river frontage and multiple approved commercial uses makes it an asset that is difficult to replicate.
For owner-occupiers, it can provide a distinctive corporate address and branding opportunity.
For investors, the different commercial components provide flexibility in how the property may be occupied or leased over time.
For long-term property owners, the building also represents ownership of a recognisable part of Singapore’s architectural and industrial history.
Interested in this office?
Request the floorplan and latest sale information.
Train Stations
Potong Pasir (NE10)
Boon Kheng (NE9)
Food & Amenities
Bendemeer Food Centre
Carpark
Building parking
Approved Use
Commercial
Other uses subject to approval
Tenure
Freehold
Is National Aerated Water Building freehold?
Yes, the National Aerated Water Building is freehold.
Is the space currently tenanted?
The current listing information states that the space is tenanted. Buyers should review the tenancy agreement, rent, lease expiry and deposit before making an offer.
What should I check before buying a tenanted commercial space?
Review the tenancy schedule, rental terms, maintenance charges, property tax, GST treatment, financing costs and any reinstatement or renovation obligations.
Is NAW convenient for public transport?
NAW Building is between Potong Pasir MRT station and Boon Kheng MRT station.
Is ABSD payable on this commercial property purchase?
ABSD applies to residential property. A solely non-residential commercial office is generally not subject to ABSD, although Buyer’s Stamp Duty and other transaction costs may still apply.
Can a GST-registered buyer claim GST?
A GST-registered buyer may be able to claim input tax if the relevant IRAS conditions are met. Buyers should confirm the transaction with IRAS or their tax adviser.