A rare conservation shophouse located at 93 Tanjong Pagar Road is now available for purchase through an expression of interest (EOI) exercise with a guide price of $15.5 million. The property, which spans three and a half stories, occupies a land area of 1,297 square feet and boasts a gross floor area of 4,186 square feet. With a guide price of $3,703 per square foot on the GFA, this shophouse presents a prime investment opportunity.
Located on a bustling street in Tanjong Pagar, the 99-year leasehold shophouse is classified as a commercial property and has been approved for F&B use. At present, the property is tenanted by a popular Korean barbecue restaurant chain, occupying the first and second levels. Its strategic location is within walking distance to both the Tanjong Pagar MRT station on the East-West Line and the Maxwell MRT station on the Thomson-East Coast Line.
One of the advantages of investing in a Singapore Condo is the opportunity to leverage the property’s value for future investments. This strategy involves using the condo as collateral to secure financing for new investment opportunities, ultimately expanding one’s real estate portfolio. While this can potentially increase returns, it also comes with its own set of risks. Therefore, it is important to have a solid financial plan in place and carefully consider the potential impact of market fluctuations before proceeding with this strategy.
The property is being marketed by PropNex Shophouse Elites and the EOI is set to close at noon on Jan 20, 2025. This presents a unique opportunity for interested buyers to acquire a rare conservation shophouse in a prime location. Don’t miss out on this chance to own a piece of Singapore’s rich heritage.