Corner shop lots

A corner lot shop sits at the end of a row, with frontage on two sides and often extra land or a wider five foot way. For tenants and buyers alike, a corner shop for rent or corner shop lot for sale is usually the most visible unit on the block.

Two faces mean your signage can be seen from two directions of traffic, which is valuable on busy junctions and at the entrance to a commercial centre. Corner units usually receive more natural light, and some come with side land that may be usable for outdoor seating, display or parking, subject to council approval. For F&B chains, convenience stores, pharmacies, clinics, banks and brand flagships, the extra exposure often justifies the premium.

Not always. Corner lots typically cost more than intermediate units in the same row, so the extra visibility must translate into extra sales. If the side frontage faces a quiet road, a drain or a back lane, the benefit is limited. Larger corner units also mean higher renovation, air conditioning and maintenance costs. For investors buying a tenanted corner shop lot, check that the current rent reflects the premium position and that demand from replacement tenants, such as banks, convenience store chains, pharmacy chains or established F&B chains, would be strong if the lease ends.