Bookmark & Share
With a total floor area of about 1,550 sq ft, the shophouse comes with an attic and occupies a 770 sq ft site in the Chinatown (Telok Ayer) Conservation Area. Photo: CBRE
A two-storey conservation shophouse at 112 Telok Ayer Street has been put up for sale via expression of interest (EOI), with a guide price of $8.88 million, revealed marketing agent CBRE.
With a total floor area of about 1,550 sq ft, the shophouse comes with an attic and occupies a 770 sq ft site in the Chinatown (Telok Ayer) Conservation Area.
The site is zoned “full commercial” under the 2019 Master Plan, which means both locals and foreigners can acquire the shophouse, with no Additional Buyers’ Stamp Duty or Sellers’ Stamp Duty payable.
Situated within the Central Business District, the property is directly opposite Telok Ayer MRT Station and enjoys a road frontage along Telok Ayer Street.
Nearby commercial landmarks include Manulife Tower, CapitaGreen, Cross Street Exchange and Cecil Court.
“112 Telok Ayer Street offers buyers an excellent opportunity to acquire a fully-let 999-year shophouse tenanted to an F&B operator, and which is strategically located just across the Telok Ayer MRT station,” said Clemence Lee, Senior Director of Capital Markets, Singapore, CBRE.
“Given the strong proposition and palatable investment quantum of below $10 million, we expect buyers who have been waiting at the sidelines to now come forward and evaluate this opportunity seriously.”
The EOI exercise for 112 Telok Ayer Street closes on 12 April
Looking for a property in Singapore? Visit PropertyGuru’s Listings, Project Reviews and Guides. To contact us about this or other stories, email consumer-marketing-sg@propertyguru.com.sg
Related Articles: