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The 2.5-storey property located at 151 Telok Ayer Street has a S$12 million guide price and sits on a land area of around 146.2 sq m (1,574 sq ft) with a built up area of around 297.36 sq m (3,198 sq ft). Image credit: Knight Frank
Conservation shophouses along Telok Ayer Street, Stanley Street and Smith Street in District 1 have been put up for sale via Expression of Interest (EOI) by Knight Frank Singapore.
The 2.5-storey property located at 151 Telok Ayer Street has a S$12 million guide price and sits on a land area of around 146.2 sq m (1,574 sq ft) with a built up area of around 297.36 sq m (3,198 sq ft).
Located close to the junction of Cross Street and Telok Ayer Street, it is just 200 m away from the Telok Ayer MRT station and accessible via major expressways such as the East Coast Parkway (ECP) and Central Expressway (CTE).
The property at 14 Stanley Street, meanwhile, has a S$12 million guide price and is nestled on a land area of around 138.5 sq m (1,491 sq ft) with a built-up area of around 306.17 sq m (3,265 sq ft).
Located in Chinatown’s Telok Ayer area and on the boundary between the Outram Planning Area and Downtown Core, this 2.5-storey shophouse sits on a one-way street linking Boon Tat Street to McCallum Street. It is also 300 m away from the Telok Ayer MRT station.
This property is currently occupied by offices on the upper floor and a restaurant on the ground floor.
On the other hand, the two-storey corner property at 8 Smith Street has a S$7 million guide price and sits on a land area of around 194.7 sq m (2,096 sq ft), with a built-up area of around 330.72 sq m (3,559 sq ft).
It is located along Smith Street Chinatown Food Street and within the Kreta Ayer Conservation Area, off the Neil Road. It is also accessible via the Kreta Ayer Road.
“This is a rare opportunity to acquire a portfolio of highly coveted conservation shophouses, right at the heart of the Central Business District,’ said Ian Loh, Knight Frank Singapore head of investment and capital markets.
“These commercial assets provide immediate rental income and potential strong reversionary rental, particularly with the diverse range of entertainment, cultural and lifestyle attractions in the vicinity.”
All of the shophouses, which can be bought as a portfolio or individually, are zoned commercial under the 2014 Master Plan and is open for sale to foreigners and locals. The Seller’s Stamp Duty and Additional Buyer’s Stamp Duty will also not be imposed on the purchase of the properties.
The EOI exercise for the District 1 shophouses closes on 13 November.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
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