In a notable opportunity for investors, three conservation shophouses in Jalan Besar have been listed for sale at $42 million. This attractive offering includes a combined land area of 5,646 square feet and a total floor area of 14,262 square feet, which breaks down to approximately $2,945 per square foot. The properties are located in a sought-after area, making them appealing to a variety of potential buyers looking to capitalize on the growing interest in this part of Singapore.
The listing features a three-storey and mezzanine corner shophouse at 209 Jalan Besar, which comes with restaurant approval, adding to its marketability. The other two properties, located at 211 and 213 Jalan Besar, are two-storey shophouses that currently have various office and retail leases in place. This diversification in use allows for immediate income generation, making the shophouses particularly attractive to investors looking for a stable return on investment.
Strategically positioned within the Desker Road conservation area, these shophouses benefit from significant street frontages, drawing attention from both pedestrians and motorists alike. The surrounding neighborhood has witnessed an increase in interest due to its reasonable pricing compared to the Central Business District (CBD), which often attracts higher rental rates.
As more investors look to diversify their portfolios, these shophouses present an opportunity to invest in a location that is poised for growth. Market trends indicate a heightened investor confidence, particularly due to the recent easing of interest rates. Family offices and private wealth funds are increasingly seeking shophouse assets as a means of capital appreciation.
With the potential for long-term rental income and future value appreciation, the Jalan Besar shophouses stand out as a compelling investment option. The anticipated demand for retail and food-and-beverage (F&B) services in the area is expected to rise significantly, bolstered by upcoming residential developments that will introduce over 3,000 new homes within the next three years.
This influx of new residents will create a larger customer base for businesses in the vicinity, further enhancing the shophouses’ attractiveness to those in the retail and F&B sectors. With the combination of strategic location, current leasing agreements, and the overall market momentum, the sale of these three conservation shophouses in Jalan Besar represents a unique opportunity for investors.
Their conservation status adds a layer of prestige and potential for long-term appreciation, making them an appealing option for those looking to enter the property market. As the interest in urban living continues to rise, these properties are likely to see increased demand, reinforcing the notion that they are a sound investment choice for the discerning investor.
NEW CONDO LAUNCH: THE ROBERTSON OPUS
The Robertson Opus is an exciting new condo launch featuring 150 residential units designed for modern living.
With competitive prices reflecting the urban housing demand, this development offers high-end finishes and a range of amenities, including a swimming pool and gym.
Prospective buyers can explore The Robertson Opus Floor Plan and find comprehensive project details through The Robertson Opus E-brochure available on the website.
The strategic location near MRT stations and shopping districts enhances its appeal.
View The Robertson Opus Showflat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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