Three shophouses in District 1 for sale at $31 mil

By Charlene Chin / EdgeProp Singapore | September 30, 2020 6:12 PM SGT
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SINGAPORE (EDGEPROP) - Three commercial shophouses at Stanley Street, Telok Ayer Street and Smith Street respectively are up for sale for $31 million, according to Knight Frank, which is marketing the properties.
151 Telok Ayer Street - EDGEPROP SINGAPORE
151 Telok Ayer Street (Credit: Knight Frank)
The three properties in District 1 can either be purchased individually or as a portfolio.
The shophouse at 151 Telok Ayer Street is a freehold, 2½-storey intermediate shophouse at the junction of Telok Ayer Street and Cross Street. It occupies a site of 1,574 sq ft, and has a built-up area of 3,198 sq ft. If sold individually, the guide price for this shophouse is $11.7 million.
14 Stanley Street - EDGEPROP SINGAPORE
14 Stanley Street (Credit: Knight Frank)
At 14 Stanley Street, the subject property is a 2½-storey intermediate shophouse off Cecil Street. It occupies a site of 1,491 sq ft, and has a built-up area of 3,295 sq ft. The guide price for this shophouse is $11.5 million.
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The shophouses at 151 Telok Ayer Street and 14 Stanley Street are within walking distance to Telok Ayer MRT Station on the Downtown Line.
8 Smith Street - EDGEPROP SINGAPORE
8 Smith Street (Credit: Knight Frank)
Meanwhile, the shophouse at 8 Smith Street is within the Chinatown enclave. It is a two-storey corner shophouse. Its ground floor is currently leased to a restaurant, while the second level is used as an office. The property is to be sold individually at a guide price of $7.8 million.
It is a two-minute walk to the upcoming Maxwell MRT Station on the Thomson-East Coast Line, which is slated for opening next year.
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For price trends, recent transactions, other project info, check out these projects' research page: Stanley Street, Telok Ayer Street, Smith Street, Cross Street, Cecil Street
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