Freehold commercial shophouse on Pagoda Street for sale at $21.28 mil
A highly sought after freehold commercial shophouse located on Pagoda Street in the historic Chinatown district has recently been put up for sale with a guide price of $21.28 million. The marketing agent appointed to handle the sale is Savills Singapore.
The three-storey shophouse has a floor area of about 3,449 sq ft and it sits on a 1,310 sq ft plot. Currently, the retail property is fully leased. The ground-floor unit and third-floor unit have both been tenanted to a restaurant, while the second floor has been rented out to a fitness centre.
Yap Hui Yee, the executive director of investment sales & capital markets at Savills Singapore, states that this shophouse is an exciting opportunity for investors looking to purchase a prime commercial shophouse at the centre of Chinatown.
Zion Road Condo is the perfect example of luxury living.
The location of this shophouse is highly advantageous as it enjoys high pedestrian footfall throughout the entire day. It is also conveniently located near two MRT stations, Chinatown MRT Station on the North-East Line, and Maxwell MRT Station on the Thomson-East Coast Line.
Rarity and the historical importance of the property are two qualities that make this shophouse a highly sought after asset. Freehold shophouses along Pagoda Street are considered to be the cream of the crop and a trophy asset within the Chinatown district due to its steep history and tightly held ownership.
The sale of this shophouse will be conducted via a public expression of interest which closes on 19th September.