>

>

Prinsep Street shophouse and strata commercial space at Kitchener Road put up for sale

/ EdgeProp Singapore |

September 28, 2021 7:38 PM SGT

79 Prinsep Street (left) is a 99-year leasehold shophouse, while 123 & 125 Kitchener Road (right) are freehold shophouses.

SINGAPORE (EDGEPROP) - A 99-year leasehold shophouse at 79 Prinsep Street and the commercial strata space in two freehold shophouses at 123 & 125 Kitchener Road are up for sale. (Find Singapore commercial properties with our commercial directory)

Read also: Freehold conservation shophouse sold on Kitchener Road for an estimated $5 mil

Both properties are marketed by Huttons Asia.

The asking price of the Prinsep Street shophouse is $19 million while the space for sale at the Kitchener Road shophouses have a guide price of $12 million.

The shophouse at 76 Prinsep Street is a two-storey plus attic, conservation shophouse with a lease balance of 73 years. It is on a 2,583 sq ft plot with a built-up area of about 5,200 sq ft. The first floor is vacant but used to be tenanted to a Chinese restaurant while the second floor is currently approved for a restaurant and bar.

“The property is located within close proximity to both Dhoby Ghaut and Bencoolen MRT stations, with high human traffic. It is a popular hang-out area among locals and tourists with approval for bar with live entertainment which is hard to come by hence making this property attractive to both F&B businesses and investors,” says Jeremy Lim, group district director of Huttons Asia.

The two shophouses at Kitchener Road are strata titled shophouses within the Jalan Besar conservation area. The adjoining ground floor units are for sale and they have a strata size of 4,809 sq ft. It is currently tenanted to a supermarket but has URA approval to operate as a takeaway food shop.

Both properties will be sold in an expression of interest exercise that closes on Oct 30.

Check out the latest listings near Prinsep Street, Jalan Besar Plaza, Dhoby Ghaut MRT station, Bencoolen MRT station

Tags:

shophouse Prinsep Street Kitchener Road Huttons Asia

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Government ramps up private housing supply; offers three EC sites on Confirmed List

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

What’s next for Bayshore

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00