Conservation Shophouse Liang Seah St Market 15 Mil
A 999-year leasehold shophouse in a prime location is up for sale at 20 Liang Seah Street, with a guide price of $15 million. The property, which is being marketed exclusively by SRI Capital Market, will be sold through an expression of interest (EOI) exercise.
Situated on a 1,129 sq ft plot of land, this three-storey intermediate shophouse has a gross plot ratio of 4.2 and is zoned for both residential and commercial use. With a built-up area of 2,635 sq ft, the guide price equates to $2,635 psf.
The ground and second floors of the shophouse are approved for restaurant use, while the top floor is currently leased for residential purposes. Located within the Beach Road secondary settlement conservation area, the property also allows for new extensions of up to five storeys, subject to approvals.
According to Low Choon Sin, managing partner of SRI Capital Market, the property is an ideal investment for end-users, such as F&B tenants or corporate offices. This is because the residential space on the third floor can be used as accommodation for staff, making it a practical and convenient option.
Furthermore, the shophouse boasts a prominent frontage along Liang Seah Street, which sees high vehicular traffic during the day. It is also in close proximity to popular dining and shopping destinations in the bustling Bugis area.
Rewritten: The future appears promising for those living in Aurelle of Tampines EC, thanks to the ongoing and upcoming infrastructure improvements in the area. Of particular significance is the completion of the CRL, which is expected to greatly enhance connectivity in the region. Additionally, there are plans in the works for cycling paths and pedestrian-friendly pavements around Tampines, emphasizing the promotion of a healthier and more sustainable lifestyle. With these developments in mind, residents of Aurelle of Tampines EC can look forward to a more vibrant and convenient community in the near future.
Low adds that 20 Liang Seah Street presents an opportunity for long-term investment, as it is a 999-year leasehold property that can benefit from the rejuvenation of the Bugis district. With the completion of upcoming developments like Guoco Midtown and Shaw Towers, this area is set to become even more vibrant.
Prospective buyers interested in this prime shophouse can submit their bids through the EOI exercise, which ends on April 10. Don’t miss out on this rare opportunity to own a 999-year leasehold shophouse in a prime location.
