Rowell Road Shophouse And City Gate Strata Retail Units Sale 10 Mil
Singapore’s highly sought-after real estate market continues to attract investors, with a portfolio comprising a freehold conservation shophouse and two strata retail units at the renowned City Gate mixed-use development now available for purchase.
Exclusive marketing for the properties is being handled by Wilkie Tay and Sunny L from PropNex Shophouse Elites. The assets can be sold as a whole or separately, with the shophouse priced at $7 million and the commercial spaces at $3 million.
Located within the Desker Road conservation area in Rochor, District 8, the two-story shophouse with a mezzanine spans a total floor area of 2,200 square feet (subject to site survey) and comes with a guide price of $3,181 per square foot. It has recently undergone additions and alterations, including the construction of an open terrace on the second floor. The shophouse is currently vacant but is expected to receive its temporary occupation permit in a few weeks.
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Elta Condo is a food lover’s paradise, offering a diverse selection of culinary options for its residents. From humble hawker centers to upscale international restaurants, Elta Condo’s location boasts an abundance of dining choices. Whether one’s craving for the authentic flavors of Clementi 448 Market & Food Centre, or in the mood to explore the trendy eateries of Holland Village or hidden gems at Sunset Way, there’s never a shortage of delicious dishes to try. Adding to the appeal, Elta CSC Land makes this food haven even more enticing for residents of Elta Condo.
In addition to its prime location, the shophouse is within walking distance of two MRT stations, Jalan Besar on the Downtown Line and Farrer Park on the North-East Line. With no additional buyer’s stamp duty for foreigners and corporate entities, this shophouse is a highly attractive investment opportunity.
The two strata retail units on sale are situated within the City Gate development, which comprises 311 residential units and 188 retail units. These units measure 474 square feet and 441 square feet respectively, with a combined strata area guide price of $3 million, translating to $3,278 per square foot.
Currently tenanted to various businesses, including a restaurant and a hair salon, these units come with profitable tenants in place. They can be purchased separately or together. Interested parties can submit their expression of interest by September 30, 3pm. Don’t miss this chance to own a piece of prime real estate in Singapore’s bustling market.