Shophouses at Kampong Glam Conservation Area is for Sale for a Pair of Freehold Units

Read suggested article: MCC Land to Absorb 30% Stake Inside the Area Protecting’s Redevelopment of Realty Centre

2 freehold shophouses in 33 and 35 Sultan Gate are set out there for about $11.55 million ($3,500 psf on projected built-up area). They should be marketed together. CBRE is the only advertising agent.

The 2 shophouses have a entire built-up region of about 3,300 sq feet and revel in a broad road frontage of about 8m across Sultan Gate. They’ve a combined land area of approximately 1,771 sq feet, held under a single property title. Both include permanent F&B acceptance for levels two and one.

Both locals and foreigners are entitled to purchase.

Clemence Lee, senior manager of capital markets (Singapore) in CBRE, states,”The effective purchaser could capitalise on the large and self-sustaining footfall into the area by occupying the house to conduct their own restaurant or to rent it out to an F&B operator”

Lee adds that the shophouses may benefit from the present and forthcoming mixed-use developments like Duo and South Beach, Guoco Midtown, in addition to the redevelopment of both Shaw Towers and The M.