SINGAPORE – — Knight Frank Singapore is pleased to launch 71 to 73B Jalan Besar, a row of four adjoining 2-storey conservation shophouses with attic, for sale by Expression of Interest. Knight Frank is the exclusive, sole marketing agent of the subject property.
71, 73 ,73A and 73B Jalan Besar are freehold shophouses located at the junction of Jalan Besar and Upper Weld Road. The subject property is highly visible and has prominent frontage along Jalan Besar. It has a land area of approximately 324.7 sqm (3,495 sq ft) and a floor area of approximately 595.2 sqm (6,407 sqft). Under the 2014 Master Plan, the site is zoned “Commercial” within a Conservation area.
“71, 73 ,73A and 73B Jalan Besar presents a rare opportunity for investors to own four adjoining shophouses with dual frontage in a heritage-rich area. It is suitable for end-users to occupy the premises immediately, since vacant possession can be granted upon sale,” says Ian Loh, Executive Director and Head of Investment and Capital Markets, Knight Frank Singapore.
The subject property offers great accessibility as it is located next to Jalan Besar MRT station. It is only 3 minutes’ drive to Bugis Junction and a short drive to the Central Business District. It is well connected by major expressways such as the Central Expressway (CTE) and Pan-Island Expressway (PIE) as well as major roads like Rochor Road, Ophir Road and Serangoon Road to other parts of Singapore.
“We continue to receive enquires and see strong interest for shophouse opportunities in Singapore. We expect this property to attract good interest in view of its excellent location. Subject to the approval from relevant authorities, the premises is suitable for use as a showroom, retail, office and co-working space,” says Mary Sai, Executive Director of Investment and Capital Markets, Knight Frank Singapore.
The guide price for 71, 73 ,73A and 73B Jalan Besar is in excess of $20 million.
The EOI for 71, 73, 73A and 73B Jalan Besar will close on 8th May 2018 (Tuesday) at 3 pm.