reporter2
18-04-22, 10:48
Pair of freehold conservation shophouses at Kreta Ayer for sale at $50 mil
April 14, 2022
https://i.imgur.com/Km6kTfR.jpg
SINGAPORE (EDGEPROP) - Two adjoining freehold conservation shophouses located on 43 and 45B Kreta Ayer Road have been put up for sale via expression of interest at an indicative selling price of $50 million or $5,836 psf.
The shophouses, which occupy a 3,160 sq ft plot of land, comprise three storeys and an attic, offering a combined gross floor area (GFA) of 8,568 sq ft. Both units were last refurbished in 2012, with routine repair and re-decorative works undertaken to maintain the properties.
https://i.imgur.com/A5JZuEJ.jpg
Currently almost fully tenanted, the shophouses have approval for F&B and entertainment use on three levels. “These shophouses are unique in that they are conserved freehold properties. The current owners are looking to sell as they are semi-retired and feel that there is a demand for such shophouses at locations with a rich history like Chinatown,” says Benjamin Peh, associate senior director of C&H Properties, which is marketing the shophouses.
Read more at: https://www.edgeprop.sg/property-news/pair-freehold-conservation-shophouses-kreta-ayer-sale-50-mil
April 14, 2022
https://i.imgur.com/Km6kTfR.jpg
SINGAPORE (EDGEPROP) - Two adjoining freehold conservation shophouses located on 43 and 45B Kreta Ayer Road have been put up for sale via expression of interest at an indicative selling price of $50 million or $5,836 psf.
The shophouses, which occupy a 3,160 sq ft plot of land, comprise three storeys and an attic, offering a combined gross floor area (GFA) of 8,568 sq ft. Both units were last refurbished in 2012, with routine repair and re-decorative works undertaken to maintain the properties.
https://i.imgur.com/A5JZuEJ.jpg
Currently almost fully tenanted, the shophouses have approval for F&B and entertainment use on three levels. “These shophouses are unique in that they are conserved freehold properties. The current owners are looking to sell as they are semi-retired and feel that there is a demand for such shophouses at locations with a rich history like Chinatown,” says Benjamin Peh, associate senior director of C&H Properties, which is marketing the shophouses.
Read more at: https://www.edgeprop.sg/property-news/pair-freehold-conservation-shophouses-kreta-ayer-sale-50-mil