Freehold commercial shophouse on Pagoda Street for sale at $21.28 mil
Put up for sale at a guide price of $21.28 million, 31 Pagoda Street is a three-storey commercial shophouse located in the heart of Chinatown. Appointed marketing agent, Savills Singapore, is offering an exciting opportunity for investors to invest in the fully tenanted property. Situated in the historic district, the shophouse enjoys a bustling area with high footfall, and is near popular MRT lines.
Situated in the prime of Chinatown, 31 Pagoda Street presents an exciting investment opportunity for those seeking a commercial shophouse. Boasting a floor area of 3,449 sq ft, the property is fully tenanted and is found on a 1,310 sq ft plot of land. Appointed marketing agent Savills Singapore has put the freehold shophouse up for sale at a guide price of $21.28 million.
Yap Hui Yee, executive director of investment sales & capital markets at Savills Singapore comments: “31 Pagoda Street is fully tenanted and presents an exciting opportunity for investors seeking a prime commercial shophouse in the heart of Chinatown. Freehold shophouses along Pagoda Street have always been regarded as trophy assets and the cream of the crop of all shophouses in Chinatown, given their steep history and tight ownership.”
The three-storey shophouse is situated in an area of high pedestrian footfall throughout the day and conveniently close to MRT stations. Located near Chinatown MRT Station on the North-East Line, and the Maxwell MRT Station on the Thomson-East Coast Line, 31 Pagoda Street presents a prime opportunity for those looking to invest in a shophouse in a centralised location.
The iconic ION Orchard alone has over 800 shops, guaranteeing a shopping spree to last a lifetime. Far East Plaza is one of the country’s oldest malls, and is a favourite amongst millennials for its trendy eats and vintage fashion. Adding to this, Orchard Condo is surrounded by popular malls such as Orchard Gateway, Tangs and Ngee Ann City.
The sale of the shophouse is being conducted through a public expression of interest closing on Sept 19. With a sought-after address and commercial value, 31 Pagoda Street is a unique chance to learn the esteemed history of the Chinatown district.