>

>

Shophouse at 93 Club Street on the market for $9.9 mil

/ EdgeProp Singapore |

September 7, 2021 10:38 PM SGT

The three-storey shophouse for sale has a guide price of $3,552 psf. (Picture: PropNex Realty)

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - A 999-year leasehold shophouse at 93 Club Street is on the market for $9.9 million. The three-storey property has a total built-up area of 2,787 sq ft and the guide price translates to $3,552 psf on the built-up area. PropNex Realty is the sole marketing agent for the transaction.

Read more: The House of Lim at Club Street

The shophouse is prominently located at the junction of Ann Siang Hill and Club Street in District 1. The property is close to the upcoming Maxwell MRT station on the Thomson-East Coast Line, as well as the existing Telok Ayer and Chinatown stations on the Downtown Line.

The shophouse sits on a site that is zoned ‘Commercial’ under the 2019 Master Plan. However, the ground floor of the shophouse is approved for restaurant use while the second floor has approval to operate as a shop serving take-away food. (See: Find Singapore commercial properties with our commercial directory)

“This property presents a rare long-term investment opportunity in this coveted area where F&B shophouses are tightly-held,” says Loyalle Chin, senior associate division director, PropNex Realty.

Recent shophouse transactions in the area include 44 Club Street which was sold for $12.35 million on July 12 this year, and 46 Club Street which changed hands for $13.15 million on the same day.

The sale of 93 Club Street is “probably the lowest quantum for a 999-year F&B shophouse in the Telok Ayer Conservation Area under S$ 10 million,” says Chin. He expects keen interest from investors and end-users who are looking to locate their business or family office.

Check out the latest listings near Club Street, Maxwell MRT station

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00