Knight Frank Singapore is pleased to launch for sale a conservation shophouse located along Jalan Besar; an area that is characterised by clan associations, eating houses, entertainment outlets, engineering workshops, hostels, places of worship and small offices.
Under the 2014 Master Plan, the site is zoned as “Commercial” and is located within the Little India Conservation area. The property has a land area of 105.1 sq m (approx. 1,131.3 sq ft) and a gross floor area of 202.6 sqm (approx. 2,180.8 sq ft).
Strategically situated directly beside the upcoming Jalan Besar MRT station, the freehold pre-war conservation shophouse is located close to both Bugis and Rochor MRT stations along the Downtown Line. A short drive away is the Central Business District and the Orchard Road shopping and entertainment belt.
The guide price of the historic building is valued at $4.8 million; approximately $2,200 psf in gross floor area.
“The increased accessibility with the future Jalan Besar MRT Station will bring about higher footfall for the vicinity, and in turn, provide greater visibility to the shophouses along Jalan Besar. This property offers prominent frontage and presents itself a rare opportunity for investors or users to own a shophouse that is so rich in history,” says Ian Loh, Executive Director & Head of Investment and Capital Markets.
Knight Frank is the sole and exclusive marketing agent. The Expression of Interest exercise for 65 Jalan Besar will end on 20 April 2016, 3.00 pm.