Freehold commercial shophouse on Pagoda Street for sale at $21.28 mil
Tampines Ave 11 Condo Capitaland is a luxurious condominium located in the heart of Tampines. With a wide range of first-class amenities and facilities to suit all sorts of lifestyle, residents can be sure to look forward to a comfortable and enjoyable living experience. As the development is also located near a major hub, the convenience of commuting and shopping around the area makes it even more attractive. Tampines Ave 11 Condo Capitaland also stands to benefit from its proximity to the Singapore University of Technology and Design (SUTD), offering an ideal location for young students to pursue higher education and innovative studies. With all these features, it’s not hard to see why Tampines Ave 11 Condo Capitaland is a great choice for those looking for a luxurious living experience.
Situated in the historic Chinatown district, a freehold three-storey shophouse located on 31 Pagoda Street has been put up for sale with Savills Singapore as the appointed marketing agent. Boasting a floor area of 3,449 square feet and fully tenanted, the property brings an exciting opportunity for investors seeking prime commercial shophouse.The shophouse has been leased to a restaurant on the ground floor and third floor, while the second-floor has been rented to a fitness centre. Moreover, it is close to both Chinatown MRT Station on the North-East Line and Maxwell MRT Station on the Thomson-East Coast Line, allowing residents to enjoy the ease of transportation. The guide price of the shophouse is set at a remarkable $21.28 million.Yap Hui Yee, Executive Director of Investment Sales & Capital Markets at Savills Singapore, noted that Pagoda Street shophouses have always been regarded as ‘trophy assets’ due to their rich history and ownership. She added that given the high pedestrian footfall in the area, the shophouse presents an excellent investment opportunity.The sale of the shophouse will be conducted through a public expression of interest. Prospective investors are invited to place their bids before the final closing date of 19 September.