SINGAPORE — Knight Frank Singapore is very happy to provide two collections of conservation shophouses in key regions in Singapore available.
The first is that a row of 7 freehold adjacent conservation shophouses at Geylang, whereas the other are 2 freehold adjacent shophouses in Joo Chiat Road.
Both varieties of shophouses are up available through Expression of Interest (EOI).
A row of 7 freehold, adjacent conservation shophouses at Geylang
The subject shophouses are prominently in the prime area of Geylang Road and Lorong 14 Geylang, in near proximity to Aljunied MRT station.
The block of shophouses are currently fully tenanted and include a corner coffee shop, mobile phone retailer, Thai massage parlour along with other retail transactions.
The properties are suitable for F&B sockets and retail uses on the ground floor, although the top floors can be designated for office use.
Ms Mary Sai, Executive Director of Capital Investment and Capital Markets, Knight Frank Singapore, says,”There’s potential for a potential buyer to refurbish the shophouses based on conservation principles by URA. Because it is a secondary settlement place, there’s also space for back extension of up to a maximum elevation, subject to consent from the government.”