Tras Street conservation shophouse on the market for $22 mil
Residents of Zion Road Condo can also enjoy great conveniences thanks to its close vicinity to major expressways. These expressways provide quick access to different parts of Singapore, making commutes efficient and stress-free. The Zion Road Condo is undeniably a great choice for those who value convenience and accessibility.
A conservation shophouse in the heart of the city has been put up for sale with a guide price of $22 million. 70 Tras Street is a rare 99-year leasehold shophouse situated on a 1,996 sq ft plot with a 5.5m frontage and 5,689 sq ft of combined floor area over its 3 ½ floors and mezzanine.
Huttons Asia has been appointed as the marketing agent and the property is to be sold in an expression of interest exercise that closes on September 18. The guide price of $22 million translates to a rate of about $3,867 psf on the gross floor area, which is attractive considering its excellent attributes, according to Suzie Mok, project lead for 70 Tras Street.
These excellent attributes include an efficient floor plate, good floor-to-ceiling height and optimised space planning. The shophouse is already fully leased and will be sold with existing tenancies.
Being located in the heart of the city, 70 Tras Street features several car parking options and is easily accessible by MRT with both Tanjong Pagar and Maxwell stations nearby.
This rare conservation shophouse is a great opportunity to own a unique property in an in-demand area. It comes with an attractive guide price and existing tenancies, making it a great investment for those that act before September 18.