Knight Frank Singapore was appointed by a trust company to supply a portfolio of 3 conservation shophouses available through Expression of Interest (EOI). The properties can be bought separately or as a portfolio.
Commercial conservation shophouses, especially in prime central places, are highly desired by investors, since they’re seldom available and closely held.
Each 3 shophouses are zoned Commercial beneath the Master Plan 2014. Since it’s a commercial real estate, the purchase is open to both locals and foreigners, without a Additional Buyer’s Stamp Duty and Seller’s Stamp Duty levied on buying these properties.
The freehold shophouse in 151 Telok Ayer Street is located near the intersection of Telok Ayer Street and Cross Street, surrounded by a busy road of eateries, conveniences and historic places of worship. The 2.5-storey intermediate shophouse can be inside the Telok Ayer Conservation Area.
Readily accessible, Telok Ayer MRT station is only 200 metres away, although connectivity is further improved by the proximity to significant expressways such as the Central Expressway (CTE) and East Coast Parkway (ECP).
The shophouse includes a land area of roughly 146.2 sq m (roughly 1,574 sq feet ) and built-up region of roughly 297.36 sq m (roughly 3,198 sq feet ). The ground floor area may possibly be utilized as an F&B socket, subject to police’ approval.
In 14 Stanley Street, the freehold shophouse sits on a one time road at the Telok Ayer region of Chinatown. Located on the border between the Downtown and Outram Planning Area, the road links McCallum Street into Boon Tat Street, located on the left by additional conserved shophouses. The 2.5-storey shophouse is presently inhabited by a restaurant on the ground floor and offices on the top floor, along a stretch of F&B teams.
The shophouse has a land area of roughly 138.5 sq m (roughly 1,491 sq feet ) along with the built-up region of roughly 306.17 sq m (roughly 3,265 sq feet ) and is located within the Telok Ayer Conservation Area.
The 2-storey corner shophouse in Smith Street is situated in a prime subject of Chinatown, together with the renovated, 100m sheltered Smith Street Chinatown Food Street which is well-known for neighborhood roadside hawker delights.
Located over the Kreta Ayer Conservation Area away Neil Road, the shophouse stands atop a vibrant, cultural region comprising plenty of coffee stores, cultural institutions, boutique resorts and restaurants. Aside from its popularity as a tourist attraction, the place is quickly changing to a food sanctuary, together with top-rated eateries pulling in tourists and locals alike. The region is also available via Kreta Ayer Road.
The shophouse has a land area of roughly 194.7 sq m (roughly 2,096 sq feet ) along with the built-up region of roughly 330.72 sqm (roughly 3,559 sq feet ) and is now tenanted into an F&B institution on the ground floor.
Ms Mary Sai, Executive Director of Capital Investment and Capital Markets, Knight Frank Singapore, states,”Lately, we have seen high levels of interest from the conservation shophouses that we are promoting at the CBD. In reality, one of these at the Telok Ayer vicinity transacted in a sale price in excess of S$13 million, in August.”
Mr Ian Loh, Head of Investment and Capital Markets, Knight Frank Singapore, farther stocks,”This really is a rare chance to obtain a portfolio of highly enviable conservation shophouses, at the core of the Central Business District. These commercial resources deliver instant rental income and possible powerful reversionary leasing, especially with the varied selection of amusement, cultural and lifestyle attractions in the area.