Freehold Bukit Pasoh shophouse on sale for $10.5 mil

By
/ EdgeProp Singapore
|
November 19, 2020 5:41 PM SGT
SINGAPORE (EDGEPROP) - A shophouse at 6 Bukit Pasoh Road is up for sale with a guide price of $10.5 million. The freehold property has a land area of 1,363 sq ft, and a total floor area of about 2,800 sq ft. This means that the guide price translates to $3,750 psf on the total floor area. PropNex Realty is the sole marketing agent for this property.
Located in the Bukit Pasoh Conservation Area, the shophouse is close to Pinnacle @ Duxton, and the tenants of neighbouring shophouses include three-starred Michelin restaurant Zen and private members club Straits Clan. Upcoming developments in the vicinity include the 774-unit One Pearl Bank, and Chinatown Plaza which is being redeveloped into a mixed-use development with a 300-room hotel. The nearby Outram MRT Interchange will include an extension to the upcoming Thomson-East Coast Line.
Bukit-Pasoh-Road - EDGEPROP SINGAPORE
The shophouse (in blue and white) will be sold with existing tenancies. (Picture: PropNex Realty)
The 2½-storey shophouse at 6 Bukit Pasoh will be sold with existing tenancy. The ground floor is leased to artisanal cafe Baker’s Bench Bakery, and the upper floors are occupied by established FinTech payment solutions firm Lyte Ventures. The shophouse comes with staircase access from the front and could be repositioned for F&B use on the upper floors.
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“This is one of the lowest quantum freehold or 999-year leasehold CBD shophouses. Ultra-high-net-worth Individuals and family offices could consider this low quantum prime shophouse as a compelling investment for capital appreciation,” says Loyalle Chin, associate division director at PropNex Realty.
Recent shophouse transactions in the CBD includes the sale of 77 Amoy Street for $29.8 million, 28 Duxton Hill for $15.75 million, and 43 Craig Road for $10.65 million.
The tender for the shophouse will close on Dec 17.