SINGAPORE (ERG) - A three-storey conservation shophouse with attic along Tanjong Pagar Road is on the market at a guide price of $14.8 million.
Situated within the Chinatown-Tanjong Pagar Conservation Area, this property boasts a land area spanning 1,292 square feet and an estimated gross floor area of 3,900 square feet. According to URA's Master Plan 2019, the site holds a zoning classification for commercial use.
The property's prime location makes it just a four-minute stroll away from Tanjong Pagar MRT Station, with a range of dining options and retail boutiques in close proximity. Furthermore, the shophouse is presently fully occupied, and the property is available for purchase by foreigners without the imposition of additional buyer's stamp duty or seller's stamp duty.
Checking on URA SPACE for allowable use for shophouse https://www.ura.gov.sg/maps/
, this shophouse allowable use subjected to ura approval as follows :
Ground level possible allowable use - Restaurant, Shop, Backpackers Hostel, Childcare centre, commercial school, community use, Gym Fitness centre, Hotel, service apartment Laundromat, medical clinic, office, pet shop, vet, takeaway foodshop.
Estimated Rental for restaurant usage on ground floor - $15psf or $17,000 per month
2nd level possible allowable use - Restaurant, Shop, Backpackers Hostel, Childcare centre, commercial school, community use, Gym Fitness centre, Hotel, service apartment Laundromat, medical clinic, office, pet shop, vet, takeaway foodshop.
Estimated Rental for retail/office usage on ground floor - $5.50psf or $6,000 per month
Estimated Rental For Restaurant usage: $9psf or $9,000 per month
3rd level possible allowable use - Restaurant, Shop, Backpackers Hostel, Childcare centre, commercial school, community use, Gym Fitness centre, Hotel, service apartment Laundromat, medical clinic, office, pet shop, vet, takeaway foodshop.
Estimated Rental for retail/office usage on ground floor - $5.50psf or $6,000 per month
Estimated Rental For Restaurant usage: $9psf or $9,000 per month
Total estimated rental per month - $32,000 ~ $35,000
Interior Photos
Latest Transaction of District 2 Shophouses
Contact Agent
Daniel Chng
+65 8752 5515
Comments