Freehold commercial shophouses at Jalan Besar going for $17.5 mil

The EOI workout closes on Sept 7.

A pair of adjoining freehold industrial shophouses at Jalan Besar is up for sale in an expression of rate of interest (EOI) exercise. The homes have a guide price of $17.5 million, and they are presently marketed by Huttons Asia.

A graph revealing deals and total market pattern for property shophouses in the Kallang Planing area. Put together making use of EdgeProp’s research study tools

According to a press release by Huttons Asia, the two shophouses are close to Farrer Park MRT Station on the North-East Line, and also Bendemeer MRT Station on the Downton Line.

This implies that residents and also foreigners are qualified to acquire the homes, and additional customer’s stamp duty is not applicable for the sale.

” The 2 adjoining units have a very efficient column-free layout, enabling drivers to maximise using the interior, as well as they additionally have a high ceiling of regarding 4.5 metres,” says Jeremy Lim, elderly team district director at Huttons Asia. He includes that the shophouses would certainly be suitable for use as a gym, display rooms, or workplaces.

The pair of two-storey-plus-attic shophouses remain on a complete land area of 2,617 sq ft, and also they have an existing built-up area of 7,036 sq ft. The land is zoned for industrial usage under the 2019 Master Plan.

“The need for and also popularity of conservation shophouses have actually enhanced tremendously over the past 3 years among investors as well as family offices. Rate of interest has changed to locations like Jalan Besar as the prices are viewed as even more sensible,” states Lee Sze Teck, elderly director of research at Huttons Asia.

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