Shophouse at Sam Leong Road up for sale at $5.5 mil

By
/ The Edge Property
|
June 29, 2017 10:28 AM SGT
A shophouse on Sam Leong Road in Little India (below) has been put up for sale by EOI. The guide price for the property is between $5.5 million and $5.8 million, according to appointed marketing agent Knight Frank. The 999-year leasehold property sits on a land area of 1,335 sq ft and has a gross floor area of 4,316 sq ft. Based on the 2014 Master Plan, the area is zoned commercial, with a gross plot ratio of 3.
The four-storey shophouse, which includes two private carpark lots at the rear of the property, is located off Jalan Besar. It is surrounded by conserved shophouses, and commercial spaces such as Mustafa Centre and hotels. It is also situated within walking distance of the Farrer Park MRT Station on the North East Line, and City Square Mall.
Upcoming properties in the vicinity of the shophouse are Tong Eng Group’s Centrium Square and Trio, a freehold commercial development by Unique Commercial. The closing date for the EOI is July 20.
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Source: Knight Frank