5-storey shophouse near Clarke Quay up for sale with S$9.8m guide price

Shophouse near Clarke Quay:

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A FIVE-Story business shophouse on 32 Hongkong Street has been propelled available to be purchased by articulation of premium (EOI), sole advertising specialist PropNex Realty said on Friday.

Its guide value remains at S$9.8 million, barring the top notch payable for rent recharging.

Shophouse near Clarke Quay

That works out to S$1,290 per square foot. In view of a complete floor territory of around 7,600 square feet (sq ft).

The shophouse accompanies a lift instaled. It sits on an envelope control site traversing around 1,717 sq ft. With a land residency of 99 years from Jan 1, 1942.

Envelope control locales are empty terrains and structures situated inside Conservation Areas in Singapore, however are not assigned for protection. They can be redeveloped dependent upon government rules.

Considering the property an uncommon discover, PropNex Realty senior partner promoting chief Adnic Lee highlighted the shortage of shophouses inside the focal business locale, especially those with envelope control.

It is a one-minute stroll to Clarke Quay MRT station just as a nine-minute stroll to Central Mall and Raffles Place MRT trade station.

Mr Lee said that 32 Hongkong Street may suit family workplaces looking for a prime area to plan and construct their own premises, or financial specialists that can redevelop and upgrade the estimation of the property.

Shophouse Near Clarke Quay For Sale

“It is additionally a decent structure for a proprietor occupier with plans to modify the property at a later planning,” he included.

Mr Lee recommended that the shophouse could be leased for an assortment of exchange utilizes, for example, for an office, retail, café or exercise center, subject to endorsement from the specialists.

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“Such a wide cluster of business use prospects opens (the property) up to a more extensive pool of potential inhabitants hoping to work inside the clamoring Clarke Quay/Boat Quay region,” he noted.

However, The site is zoned for business use under the Urban Redevelopment Authority’s Master Plan 2019. This implies the two Singaporeans and outsiders are qualified to possess the property.

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Extra purchaser’s stamp obligation and dealer’s stamp obligation are not relevant.

The shophouse has a permissible structure tallness of up to six stories and a plot proportion of 4.2.

It will be sold with empty belonging. The last inhabitant housed at the property was a venture the board firm, The Business Times gets it.

At last The EOI practice shuts down at 3pm on April 30.

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