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

Featuring 1, 2 and 3 bedroom apartments and penthouses, Champions Way Condo ensures that all its residents have the best of modern living amenities with easy access to the city. The exclusive clubhouse and swimming pool are just some of the facilities available and residents are sure to have a great outdoor experience as well. All the apartments come with stylish interiors and state-of-the-art appliances, as well as exquisite views of the city skyline. With its exceptional location, Woodlands Condo promises its residents a luxurious lifestyle and comfort.

The two-storey conservation shophouse at 45 Duxton Road has a guide price of $9.8 million and is open for sale via Expression of Interest (EOI). Located within the Tanjong Pagar conservation area and just a short walk from both Tanjong Pagar and Maxwell Road MRT stations, this shophouse boasts a site footprint of 980 sq ft and a built-up area of 16,36 sq ft.

With a 99-year leasehold commencement from 1988, there is a remaining lease of 64 years. Having been zoned ‘commercial’ under the URA Master Plan, the property owners can leverage on higher rents and better returns as it comes with URA approval for a nightclub on the first and second levels.

Lee Sze Teck, senior director of data analytics at Huttons Asia, highlights that commercial shophouses are exempt from foreign control measures applicable to land zoned for commercial and residential uses. This is a plus point that will undoubtedly attract potential high-net-worth buyers in the market.

Jennifer Tan, associate district director of Huttons Asia sees that conservation shophouses in prime locations will remain highly sought-after despite market uncertainties.

The EOI for the shophouse at 45 Duxton Road will be closing on 4 October 2023.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *