property right

Freehold

developer

S$ 5,362.10 psf

District

D02

completion date

23875372

floor size

15852sqft

bedroom

bathroom

floor level

furnishing

Unfurnished

floor height

summary info

description

A Pair Conserve Shophouse along Chinatown conversation area for Sale

This pair of shophouses occupy a total land size of 5234sq ft with a total built-up area of approximately 15832sq ft. They have undergone an extensive renovation just last year. The renovations include the extension as well as the addition of a lift that provides access to all floors. Several structural changes were also made to improve the efficiency of the layout. Inside, the interiors showcase a mix of modern and traditional elements, with bespoke finishes artfully chosen to represent the traditional facets of a conserved shophouse. The shophouses are zoned for commercial use under the Urban Redevelopment Authority (URA)’s Master Plan 2019. This means no additional buyer’s stamp duty or sellers’ stamp duty will apply to the purchase of the property. The shophouses are approved for food and beverage (F&B) use on the ground floor, and is currently being rented out to an stable restaurant tenant. The upper floors are currently leased to a office. Due to its commercial nature, potential buyers will have the flexibility to eventually convert the property into offices, a hotel, serviced apartments, or other commercial uses, subject to approval from the relevant authorities. “Adjoining shophouses are very rare, as most units come individually. A pair of adjoining properties with lift access on both sides and on all floors are harder to come by.