For sale: Freehold row of 12 shophouses in Chinatown at $120 mil
A prime freehold commercial shophouse located in the heart of Chinatown – 31 Pagoda Street – is up for sale with a guide price of $21. 28 million. The unique property is appointed by Savills Singapore as the marketing agent.
The project consists of a total of eight blocks ranging from 20 to 25 storeys high, with a total of 883 condominium units. All units come with top-of-the-line facilities such as a swimming pool, gym, children’s playground, BBQ pits and 24-hour security with CCTV surveillance.The Woodlands Condo development is well connected to the rest of Singapore, boasting easy access to major expressways and bus routes. Shopping, dining, and entertainment are all within easy reach, and residents can enjoy the thriving nightlife and the nearby Woodlands Waterfront Park.Champions Way Condo is an ideal living option for those who want to live in a luxurious residential development, surrounded by green spaces and lush greenery. With its excellent location and amenities, this is an opportunity for anyone who wants to have an exclusive lifestyle in the heart of Woodlands.
This historic three-storey shophouse sits on a 1,310 sq ft plot, and has a floor area of about 3,449 sq ft. Further, the building is fully leased; the ground floor is occupied by a restaurant, the second floor is taken up by a fitness centre, and the third floor is the tenant of a restaurant as well.
Yap Hui Yee, executive director, investment sales & capital markets at Savills Singapore elaborates that “31 Pagoda Street is fully tenanted and presents an exciting opportunity for investors seeking a prime commercial shophouse in the heart of Chinatown”.
The shophouse is surrounded by high pedestrian footfall, and is close to two MRT stations, the Chinatown MRT Station on the North-East Line, and the Maxwell MRT Station on the Thomson-East Coast Line.
As Yap further comments that “Freehold shophouses along Pagoda Street have always been regarded as trophy assets and the cream of the crop of all shophouses in Chinatown, given their steep history and tight ownership”.
The shophouse is open to public expression of interest which will close on the 19th of September this year.
Should investors be interested, they should not miss out on this exciting opportunity to get their hands on a historic shophouse that symbolises Chinatown.