Three conservation shophouses at 361, 363 and 365 Beach Road have been put up for sale by public tender. The indicative guide price for the units is $10.3 million, which translates to $2,261 psf on an existing gross floor area of 4,555 sq ft.
The two-storey shophouses sit on a combined land area of 2,713 sq ft. Under the 2014 Master Plan, the site is zoned for commercial use within the Kampong Glam Conservation Area. The properties are fully tenanted. The new buyer could add a mezzanine floor, subject to approval from the authorities, according to marketing agent CBRE. The tender will close on Sept 8.
The properties are fully tenanted