A three-storey, 999-year leasehold conservation shophouse located at 20 Liang Seah Street is now available for purchase on the market. SRI Capital Market, the exclusive marketing agent, will be conducting an expression of interest (EOI) exercise for the property.
Sprawled over a 1,129 sq ft plot, this intermediate shophouse boasts a gross plot ratio of 4.2 under the latest Master Plan. The property spans a built-up area of 2,635 sq ft, with a guide price of $15 million – equivalent to $2,635 psf.
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Approved for both residential and commercial use, the ground floor and second floor of this shophouse are designed for restaurant businesses, with the top floor currently rented out for residential use. Situated within the Beach Road secondary settlement conservation area, any future extensions for this property can go up to five storeys, subject to relevant approvals.
According to Low Choon Sin, managing partner of SRI Capital Market, this property is a perfect fit for end-users, such as F&B tenants and corporate offices. He further explains that the third-floor residential space can be utilised as accommodation for some employees, providing added convenience and potential savings for business owners. With a prominent frontage along Liang Seah Street, which experiences high vehicular traffic during the day, this shophouse is also conveniently located near various dining and retail options in the bustling district of Bugis.
Commenting on the potential of this property, Low says, “20 Liang Seah Street presents an opportunity for investors to acquire a 999-year leasehold asset that can be held onto for the long term, leveraging on the exciting developments happening in Bugis.” He notes the completion of upcoming landmark properties such as Guoco Midtown and Shaw Towers, which are expected to enhance the vibrancy of the district.
Interested parties can participate in the EOI exercise for 20 Liang Seah Street until April 10.