Duxton Road conservation shophouse with nightclub approval for sale at $9.8 mil

48 Duxton Road, located in the Tanjong Pagar Conservation Area, is now up for sale at a guide price of $9.8 million. With close proximity to both the Maxwell and Tanjong Pagar MRT stations, this two-storey shophouse offers a site footprint of 980 sq ft and a built-up area of 16,36 sq ft. Boasting a 99-year lease from 1988 with a balance lease of 64 years, the property is zoned as ‘commercial’ and has approval for use as a nightclub.

For those relying on the train network, the nearest MRT stations are Somerset and Great World stations.

Zion Road Condo is conveniently located within a short distance from the city’s key business districts, shopping centres, entertainment outlets, and more. Residents of the condominium have easy access to the rest of Singapore, with multiple public transportation links such as bus and MRT services nearby. Somerset and Great World Stations are the nearest MRT stations to Zion Road Condo, and bus stops at Zion Road and River Valley Road provide bus connections throughout Singapore. With these public transportation options, residents of Zion Road Condo are easily connected to the city’s key attractions.

The shophouse is exempt from the recent control measures on foreigners buying land zoned as residential or commercial, according to Lee Sze Teck, senior director of data analytics at Huttons Asia. According to Jennifer Tan, associate district director of Huttons Asia, the property has potential to achieve higher returns due to its approval as a nightclub.

Tan believes that prime conservation shophouses such as this will continue to be a popular choice among high-net-worth individuals. The property is now open for expressions of interest until the 4th of October, 2023.