Amidst the skyscrapers that adorn the island, shophouses are still highly sought after for their traditional heritage, aesthetic appeal and their usefulness.
When this kind of collector’s item is situated at the heart of CBD (Central Business District) at 28 Stanley Street, then it becomes extra special.
This four-storey conservation shophouse with its majestic roof terrace balcony sits on a freehold property of land area 1,729 square feet.
It holds necessary approval for F&B in ground and first floor. With concrete flooring at every level, it has a GFA of 6,485 square feet.
The Real Estate Agent, Auctionjia has just completed the EOI (Expression of Interest) exercise.
The expectation is to find someone, whose quote matches or exceeds the benchmark of $4,259 psf.
In a recent transaction in October, the neighbourhood 21 Boon Tat Street shophouse (3,874 sf) got sold at this rate with a price tag of $16.5 million.
Being zoned commercial, this blue and white, pleasant to sight building is open to foreign investments. Unlike residential properties, it absolutely attracts no ABSD and SSD charges.
Surrounded by Telok Ayer MRT Station (0.33km), Shenton Way MRT Station (0.43km) and Tanjong Pagar MRT Station (0.48km), it stands easily accessible to commuters from every direction.
Being an Estate in Perpetuity possessing unique architecture, housing topnotch tenants at the heart of CBD, it definitely is a crème de la crème property.