Four freehold conservation shophouses in Tiong Bahru for sale at $50 mil

By
/ EdgeProp Singapore
|
October 21, 2020 2:17 PM SGT
SINGAPORE (EDGEPROP) - A row of four adjoining freehold four-storey conservation shophouses near Tiong Bahru Market, on 265, 267, 269 and 271 Outram Road, will be up for sale on Oct 22. The guide price is $50 million, or $2,733 psf based on a gross floor area of 18,295 sq ft.
Outram Road - EDGEPROP SINGAPORE
265, 267, 269 and 271 Outram Road (Credit: Colliers)
The property is within the Tiong Bahru Secondary Settlement conservation area, and occupies a land area of 6,125 sq ft. It is zoned for residential use with commercial usage at the first storey.
Altogether, there are a total of four commercial units on the first floor, and 17 residential units spanning the second to fourth floor. Currently, the property is fully leased out; its commercial units are leased to food delivery service FoodPanda and a bistro bar, while the residential units are leased to a master tenant. The sale of the property will come with its existing tenancies, according to Colliers International, which is marketing the property.
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The property is one bus stop away from Outram Park MRT Interchange Station, and is six minutes by foot to the upcoming Havelock MRT Station on the Thomson-East Coast Line.
The expression of interest exercise for the property will close on Nov 19 at 3pm.