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Six shophouses to be put up for auction on Jan 29

/ EdgeProp |

January 23, 2019 4:05 PM SGT

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Six shophouses will be featured at PropNex Realty’s auction on Jan 29. One will be sold by private treaty, while the others will go under the hammer as an owner’s sale.

A 999-year leasehold shophouse at 53 Jalan Besar has a guide price of $4.6 million to $4.8 million. The two-storey building comes with approved F&B use on the first floor, and sits on a 1,097 sq ft plot. It is being sold with existing tenancies.

Two adjacent conservation shophouses at 72/74 Desker Road have a guide price of $3.5 million to $3.8 million. The two-storey, freehold shophouses sit on a combined 2,067 sq ft plot. 74 Desker Road will be sold with existing tenancy.

In addition, a two-storey commercial shophouse at 20 Veerasamy Road, sits on a 2,245 sq ft site. The freehold property has a guide price of $7.1 million to $7.3 million.

At 30/32 South Buona Vista Road, a couple of freehold two-storey shophouses will be sold as a pair. They have a guide price of $10.8 million to $11.5 million. They have a combined land area of 3,212 sq ft and a combined floor area of 6,324 sq ft. The properties have not maximised their maximum permissible plot ratio of 3.0. They comprise vacant F&B and retail space, as well as 10 serviced apartments.

The last property will be sold in a private treaty sale and is the sole 99-year leasehold shophouse on the list. Located at 11 New Bridge Road, the four-storey corner commercial property has dual frontage on New Bridge Road and Upper Circular Road. It has a guide price of $17.3 million to $17.6 million. The 1,452 sq ft site has a plot ratio of 4.2, and the existing property has a GFA of 5,324 sq ft. It is being sold with existing tenancies.

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