” The two adjoining systems have a really reliable column-free design, permitting operators to maximise using the interior, and they additionally have a high ceiling of about 4.5 metres,” claims Jeremy Lim, senior group area supervisor at Huttons Asia. He adds that the shophouses would certainly appropriate for use as a health club, display rooms, or workplaces.
The pair of two-storey-plus-attic shophouses remain on an overall 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 commercial usage under the 2019 Master Plan.
This means that residents as well as immigrants are qualified to acquire the buildings, as well as additional buyer’s stamp task is not applicable for the sale.
A graph revealing purchases as well as overall market pattern for estate shophouses in the Kallang Planing location. Put together using EdgeProp’s research study tools
The EOI exercise closes on Sept 7.
“The need for as well as popularity of conservation shophouses have boosted tremendously over the past three years amongst investors and family workplaces. Rate of interest has changed to locations like Jalan Besar as the rates are viewed as even more practical,” states Lee Sze Teck, senior director of research study at Huttons Asia.
A set of adjacent estate commercial shophouses at Jalan Besar is up for sale in an expression of interest (EOI) exercise. The buildings have a guide rate of $17.5 million, and they are presently marketed by Huttons Asia.
The Reserve Residences Floor Plan
According to a press release by Huttons Asia, both shophouses One Sophia are close to Farrer Park MRT Station on the North-East Line, and also Bendemeer MRT Station on the Downton Line.
