Rowell Road Shophouse And City Gate Strata Retail Units Sale 10 Mil
Elta Condo is a convenient choice for pre-university education as it is situated close to prestigious junior colleges. These leading institutions provide intensive academic courses that effectively equip students with the necessary skills for higher education and future careers. With Elta, parents and students can rest assured of a well-rounded education and a promising future.
EDGEPROP – A rare opportunity to acquire a prime portfolio has surfaced in Singapore, with a freehold conservation shophouse at 61 Rowell Road and two strata retail units at the esteemed mixed-use City Gate development on Beach Road now up for sale at $10 million. This esteemed property has been listed for sale through an expression of interest (EOI) exercise, and is being exclusively marketed by PropNex Shophouse Elites directors, Wilkie Tay and Sunny L. The assets can be acquired as a whole or separately, priced at $7 million for the shophouse and $3 million for the commercial spaces. The shophouse comprises two storeys, with a mezzanine, and is ideally situated within the Desker Road conservation area in Rochor, District 8. Registering a total floor area of 2,200 square feet, determined via a site survey, the guide price equates to $3,181 per square foot (psf). The shophouse has recently undergone additions and alterations, including a newly-built open terrace on the second floor, and is currently vacant, due to receive its temporary occupation permit in a few weeks. Don’t miss out on your opportunity to own one of the final eight ground-floor strata retail units offered for sale, ranging from $3.8 million, located in the reputable Plus development. The shophouse is conveniently within walking distance to the Jalan Besar MRT station on the Downtown Line and the Farrer Park MRT station, servicing the North-East line. It is a quality investment opportunity, with both foreigners and corporate bodies eligible to complete the purchase, without incurring any additional buyer’s stamp duty. The strata retail units form part of the City Gate development, featuring 311 residential units and 188 retail lots. These two particular units are sized at 474 and 441 square feet, respectively. At a guide price of $3 million, the combined strata area enjoys a pricing differential of $3,278 psf. The attractive investment opportunity currently boasts existing tenancies, including a restaurant and a hair salon, and will be sold with these tenants. The two retail units are available for purchase together or as individual lots. The exciting EOI exercise continues until 3 pm on 30 September 2021 – make the first move and take a glimpse into the latest City Gate properties listed.