Two Shophouses Along Tras Street For Sale via EOI
CBRE, as the elite showcasing operator, is satisfied to dispatch for deal through Expression of Intrigued two prime three-storey preservation shophouses with upper room found along Tras Street. The bigger shophouse unit encompasses a arrive zone of roughly 1,494 sq ft and add up to floor range of around 4,257 sq ft. Located over the road, the littler unit contains a arrive zone of roughly 1,298 sq ft and add up to floor zone of roughly 3,852 sq ft.
Both shophouses have a 99-year leasehold residency and are zoned for commercial utilize within the Chinatown-Tanjong The two units, which are inside a brief 260 m from Tanjong Pagar MRT Station, are completely rented to set up nourishment and refreshment administrators on the ground floor and SOHO clients on the upper floors.
The direct cost for the bigger shophouse is S$12 million, whereas the littler shophouse is S$10.8 million. These work out to roughly S$2,800 per sq ft on the entire floor region of each shophouse. Interested parties are welcome to buy the shophouses either collectively or individually.
Recent exchanges of 99-year leasehold shophouses incorporate 34,36 & 38 Tanjong Pagar Street which were sold collectively in December 2019 at S$16.35 million or roughly S$3,000 per sq ft on add up to floor range, and 76 Pagoda Road which changed hands in July 2019 at S$13.3 million or roughly $3,500 per sq ft on add up to floor area.
Mr Lee includes, “At the alluring cost of S$2,800 per sq ft, coupled with the subject properties’ nearness to the Tanjong Pagar MRT station, solid occupant pledges and appealing net yields of up to 3.5%, we are sure that these two resources will draw in solid speculator interest.”
Tanjong Pagar is one of Singapore’s trendiest districts, characterized by its horde of well known F&B, retail and way of life offerings. It is domestic to a few Michelin-star eateries such as Burnt Closes, Capital, Issan Thai Nourishment, Otto, Ushidoki Wagyu Kaiseki and Entirety Soil. Along Tras Road, Six Faculties Maxwell, a sumptuous boutique lodging and ST Signature, a unused co-living administrator, have fair opened entryways in conclusion 2019. 2020, for Singaporeans who are interested to see the new launch EC, can check out North Gaia.
Unused commercial improvements within the range incorporate Guoco Tower, Frasers Tower and ASB Tower that’s planned to be completed this year. These changes are part of URA’s urban recharging endeavors to convert the region into a livework-play destination. The Expression of Intrigued promoting work out will near on 12 February 2020, Wednesday, at 3 pm.