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A row of four adjoining two-storey conservation shophouses with attic have been put up for sale by expression of interest (EOI) at a guide price of over $20 million, revealed marketing agent Knight Frank Singapore.
Located at the junction of Jalan Besar and Upper Weld Road, 71, 73 ,73A and 73B Jalan Besar have a floor area of about 6,407 sq ft. The freehold shophouses are nestled on a 3,495 sq ft site, which is zoned commercial under the 2014 Master Plan within a conservation area.
The site is located next to Jalan Besar MRT station and is also close to Bugis Junction and the Central Business District.
Knight Frank Singapore’s investment and capital markets executive director Mary Sai expects the property to attract good interest due to its good location. She believes the property is suitable for use as a retail, office, showroom and co-working space, subject to authorities’ approval.
“71, 73 ,73A and 73B Jalan Besar presents a rare opportunity for investors to own four adjoining shophouses with dual frontage in a heritage-rich area. It is suitable for end-users to occupy the premises immediately, since vacant possession can be granted upon sale,” said Ian Loh, executive director and head of investment and capital markets at Knight Frank Singapore.
The EOI for the property will close on 8 May.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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