Pair of Kampong Bahru Road shophouses up for sale with S$13m to S$13.65m guide price

A pair of freehold two-storey conservation shophouses at 69 and 71 Kampong Bahru Road is up for sale. The shophouses, which come with attics, occupy a land area of 2,343 square feet and have an estimated gross floor area of 5,947 sq ft.A PAIR of freehold two-storey conservation shophouses at 69 and 71 Kampong Bahru Road is up for sale. The shophouses, which come with attics, occupy a land area of 2,343 square feet and have an estimated gross floor area of 5,947 sq ft.

It is zoned"commercial" under the Urban Redevelopment Authority's 2014 Master Plan, hence, foreigners are eligible to buy the property. In addition, there is no additional buyer’s stamp duty or seller’s stamp duty imposed on the purchase. The shophouses are located within the Blair Plain Conservation Area, which has been gazetted for conservation since Oct 25, 1991.

The ground floor is leased to a Cheers convenience stall and a pub, while the upper floors are leased to office tenants. The pub unit comes with approval for KTV and both public entertainment and liquor licences, said marketing agent JLL on Wednesday.Clemence Lee, JLL's senior director for capital markets, said that with freehold shophouses located within the CBD transacting at between S$3,500 and S$4,000 per square foot , the shophouses’ guide pricing of S$13 million to S$13.

With the upper floor leases running on a year-to-year basis, the property also offers owner-occupiers an opportunity to acquire a prominent property with high visibility for their own use, Mr Lee added.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Johor Bahru port limits issue can be resolved more quickly than water issue: Malaysia foreign ministerKUALA LUMPUR: The Johor Bahru port limits issue between Singapore and Malaysia can be resolved more quickly compared to the issue over water, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Two-year-old boy in Johor died due to diphtheria: Health ministryJOHOR BAHRU: A two-year-old boy who died this week in Johor Bahru is believed to have had diphtheria, said Malaysia's health director-general Noor ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

From patrol policeman to royal bodyguard: How a Singaporean came to protect the Johor crown princeJOHOR BAHRU: Almost every step the crown prince of Johor Tunku Ismail Sultan Ibrahim takes outside his palace, Singaporean Mr Prem Singh strides ... Johor owns singapore? Wow
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

5 children quarantined in Johor after testing positive for diphtheriaJOHOR BAHRU: Five children were quarantined on Sunday (Feb 24) at a hospital in the Malaysian state of Johor after they tested positive for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

JB port limits issue 'can be resolved in the near future': Malaysian foreign ministerMalaysia's Foreign Minister Saifuddin Abdullah believes there has been positive progress on the Johor Bahru port limits issue between Singapore and Malaysia.
Source: YahooSG - 🏆 3. / 71 Read more »

Dry spell affects water levels at Johor's major dams amid heatwave in MalaysiaJOHOR BAHRU: Water levels at two major dams in Johor state are hovering around the critical point, as parts of Malaysia experience a heatwave. On ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

$13.6M TOTO Hongbao Draw: 2 winners share prize, tickets bought in YishunThe two winning tickets for the $13.6 million TOTO Hongbao Draw 2019 were sold in Yishun, said the Singapore Pools on Friday (22 February).
Source: YahooSG - 🏆 3. / 71 Read more »

Two punters share $13.6m Toto Hongbao prize moneyTwo lucky punters have won a combined $13.6 million in the Toto Hongbao draw. The winning numbers are 5, 8, 14, 16, 34 and 39. The additional number is 23.. Read more at straitstimes.com. Really lucky, just both ordinary quick pick. Interested to know are they foreigners who work in Singapore...?
Source: The Straits Times - 🏆 8. / 63 Read more »

Oxford Road's Kentish Green, District 9's St Thomas Ville try for collective sales againKENTISH Green at 20 Oxford Road has been put up for collective sale with a S$200 million reserve price. Its owners had previously asked for at least S$230 million for the site. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »