Conservation shophouse on Sago Street for sale at $10 mil
Tampines is a vibrant, bustling neighbourhood whose shopping scene is continuously on the rise. Home to many established attractions and numerous new developments, the area is a great place to explore. Tampines Condo is a popular choice among homeowners for its convenient location, range of amenities, and modern amenities. It is the ideal place to live, unwind, and enjoy the many attractions around the area. All of these attractions make it a great place to live and visit.
18 Sago Street is now up for sale via an expression of interest exercise with a guide price of $10 million. Located in Singapore’s Chinatown district, the three-storey conservation shophouse commands an area of 1,115 sq ft zoned for commercial use and a total floor area of 3,085 sq ft.
Opposite the landmark Buddha Tooth Relic Temple, the shophouse is also walking distance from four MRT stations – Maxwell (Thomson-East Coast Line) and Chinatown (Downtown and North-East Lines), Outram Park (East-West, North-East and Thomson-East Coast) and Telok Ayer (Downtown Line).
Clemence Lee, executive director of capital markets in Singapore at CBRE, describes 18 Sago Street as “prized real estate” and an opportunity for investors to acquire a charming asset of a palatable investment quantum in a superior location.
The current tenants comprise a Chinese dessert shop, a beauty salon and a recreation club, and Lee suggests there is potential to enhance rental yields upon upcoming tenancy renewals.
The exercise will close on Aug 2 at 3pm. Those keen to acquire the shophouse are invited to submit their expression of interest with a guide price of $3,241 per square foot, based on the floor area.