A row of nine freehold conservation shophouses located near Farrer Park MRT has been listed for sale at $45 million on TheEdgeProperty.com.
According to marketing agent, ERA branch division director Donny Lee, the shophouses are zoned for residential with mixed commercial use. The price per squarefoot is $4500 on built-up area of 10,000 sqft. The shophouses are currently owner-occupied. Based on transactions over the past 12 months, the price of shophouses in the vicinity ranges from $3,362 psf to $4,699 psf and the rental yield ranges from about 1.1% to 2.5%.
Farrer Park MRT is a station on the North East Line that is connected to City Square Mall by an underground linkway. Other options for shopping in the area include Mustafa Centre, a 24-hour department store, Tekka Market and Tekka Mall, and Sim Lim Square. Notable attractions in the area include the Jalan Besar Stadium, Sri Veeramakaliamman Temple and Leong San Temple.
Latest transactions of shophouses within 1km of Farrer Park MRT
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As we are not party to the contract between the client and agent, we are not able to verify information provided by the agent.