Jalan Besar shophouse on the market for under $20 mil
/ EdgeProp Singapore |
The corner shophouse is a two-storey property with an attic (Picture: PropNex Shophouse Elites)
A corner two-storey shophouse with an attic located at 209 Jalan Besar is up for sale by private treaty. According to Gracelynn Zhu of PropNex Shophouse Elites, who is marketing the property, the 999-year leasehold shophouse is selling for “below $20 million”.
The shophouse has a total area of approximately 5,502 sq ft and is zoned for commercial use. The first floor is approved for restaurant use, as is a portion of the second floor. Based on a $20 million price tag, the property’s psf price works out to $3,635 on the floor area.
Map showing the location of 209 Jalan Besar (Source: EdgeProp LandLens)
Zhu says that the shophouse is undergoing asset enhancement initiatives (AEI), including the installation of micro piles extending 30m to enhance the property’s structural foundations. The AEI is expected to be completed this year.
The property is located in the Desker Road Conservation Area in District 8, close to Little India. The Jalan Besar MRT Station on the Downtown Line is within walking distance.
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