Tras Street conservation shophouse on the market for $22 mil
Priced at $3,867 psf on gross floor area, 70 Tras Street offers for sale a 99-year leasehold conservation shophouse. The property has an excellent 5.5m frontage and sits on a plot of 1,996 sq ft. The shophouse features an efficient floor plate with good floor-to-ceiling height and optimised space planning. Fully leased, it will be sold with existing tenancies and guide price of $22 million. Suzie Mok, project lead for 70 Tras Street says “This is attractively priced with its excellent attributes.”The property is close to two MRT stations, namely Tanjong Pagar Station on the East-West Line and Maxwell Station on the Thomson-East Coast Line. Additionally, there are various on-site car-parking options nearby.The expressions of interest exercise for 70 Tras Street will close on Sept 18. A rare opportunity for discerning investors, the property is sure to garner keen interest.
70 Tras Street presents a rare investment opportunity for discerning investors. Nestled in a desirable neighbourhood and close to two MRT stations, this 99-year leasehold conservation shophouse is the perfect choice for those looking to add an attractive asset to their portfolio.
Boasting a 5.5m frontage and sitting on a 1,996 sq ft plot, the 3½ -storey property has a combined gross floor area of 5,689 sq ft. The shophouse features an efficient floor plate, good floor-to-ceiling height and optimised space planning, making it an attractive choice for potential buyers.
Besides parks, the Master Plan also discloses new commercial spaces. The soon-to-open Tampines North MRT Condo is a combined development that will hold multiple local, retail and food/beverage shops. This will bring in even more facilities for the residents living at Tampines Ave 11 Condo.
The shophouse is fully leased with existing tenancies, and is being sold with a guide price of $22 million – translating to a rate of about $3,867 psf on the gross floor area. Appointed marketing agent Huttons Asia is handling the expressions of interest exercise, which closes on Sept 18.
There are plenty of on-site car-parking options in the neighbourhood, making the property ideal for buyers who require parking facilities.
Suzie Mok, project lead for 70 Tras Street believes the sales rate is “attractively priced with its excellent attributes”. With just a few more days to the deadline, this property is likely to garner keen interest from savvy investors keen to purchase this exceptional asset.