SINGAPORE (ERG) - This 2 storey with attic conservation shophouse is situated in District 8, Little India along Perak road. Occupying a land area of approximately 1,400 sqft it has a total build-up area of approximately 3,200 sqft, Daniel Chng from ERG Singapore has been appointed to market this shophouse at a guide price of $6.8million
The shophouse is zoned under commercial land which is open for foreigner purchase and is not subjected for any residential buyer or seller stamp duties.
The Rear portion of the shophouse is possible a further extension up to 4 stories subject to approval.
Further checks from URA SPACE reveals that the entire shophouse is possible for a change of use to restaurant usage. With its strategic position in District 8, Perak road is close to Barea and amenities near the Bugis neighborhood. The property is in high demand as rental properties and Daniel Chng of ERG, estimates that the shophouses could potentially bring in a gross rental yield of over 3% for the future buyer.
Interior photo of upper floor currently used as an office
District 8 emerged as the most popular investment destination for its lower quantum and higher rental yield compared to prime CBD located shophouses, with 27 shophouses sold for a total of S$259.4 million, driven by the ongoing rejuvenation of Little India and its attraction to tourists, said Daniel.
CONTACT AGENT
Daniel Chng
+65 8752 5515
danielchng@erg.sg
Comentários