Staff Reporter
Published:
Photo Courtesy of CBRE
Buyers may submit offers for individual shophouses or the entire portfolio.
A collection of three conservation shophouses along Tanjong Pagar Road is up for sale at a guide price of $43m via an Expression of Interest (EOI) until 26 November, according to sole agent CBRE.
The portfolio consists of 83, 91 and 97 Tanjong Pagar Road properties, with a combined land area of approximately 4,022 square feet (sq ft) and a total floor area of approximately 11,306 sq ft, subject to final survey.
83 and 91 Tanjong Pagar Road are both three-storey shophouses with attics, sitting on a land area of 1,291 sq ft and a floor area of 3,828 sq ft, respectively. Each is sold at $14.5m.
97 Tanjong Pagar Road is a two-storey shophouse with an attic, with a total land area of 1,444 sq ft and a floor area of 3,650 sq ft. It is being sold for $14m.
Buyers can purchase the properties individually or as a whole for a guide price of $43m.
The properties are located within the Tanjong Pagar Conservation Area in District 2, a sought-after food & beverage (F&B) and lifestyle precinct.
The portfolio is within walking distance of major office developments such as Guoco Tower, International Plaza, and Frasers Tower.
The shophouses are currently occupied by a diversified mix of established long-term F&B, retail and office operators.
All three shophouses are zoned commercial, with no Additional Buyer’s Stamp Duty or Seller’s Stamp Duty payable.
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