Two freehold conservation shophouses in Kampong Bahru for sale

By
/ EdgeProp
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February 27, 2019 4:59 PM SGT
69 & 71 Kampong Bahru Road (Credit: JLL)
A pair of freehold conservation shophouses at 69 & 71 Kampong Bahru Road is up for sale at a guide price of $13 to $13.65 million, or $2,200 to $2300 psf.
The two-storey shophouses, with attic, occupies a 2,343 sq ft site with an estimated gross floor area of 5,947 sq ft. The ground floor is currently leased to a Cheers convenience stall and a pub, while the upper floors are leased to office tenants. The land is zoned for commercial use under URA’s Master Plan 2014, and is located within the Blair Plain Conservation Area.
The shophouses command a main road frontage with high visibility, according to JLL, marketing agent for the site.
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The property is a nine-minute walk to Outram Park MRT Station, and a 14-minute walk to the upcoming Cantonment MRT station on the Circle Line, which is slated for completion in 2025.
Foreigners are eligible to purchase the property. There will be no additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD) imposed on the purchase of this property.