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Five shophouses in Kampong Glam for sale at $21 mil

By Michael Lim

/ The Edge Property |

February 10, 2017 9:37 AM SGT

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A row of five freehold contiguous prime conservation shophouses on Baghdad Street, in the Kampong Glam Conservation Area/Ophir-Rochor Corridor, has been put up for sale by EOI. According to CBRE, which is the appointed marketing agent, the asking price for all five units is $21 million and the owner’s preference is to sell them en bloc.

The five combined shophouses have a total land area of 4,892 sq ft and a total floor area of 7,137 sq ft. The site is zoned for full “Commercial” under the 2014 Master Plan.

All five units have been leased to five F&B businesses with tenancy agreements ending between 2018 and 2019. The buyer will be able to enjoy immediate rental income, says CBRE.

The EOI closes on March 21.

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