Tras Street conservation shophouse on the market for $22 mil

An incredible conservation shophouse located at 70 Tras Street has been put up for sale with a guide price of $22 million. With its 99-year leasehold granted, the 3½- storey commercial shophouse sits on a 1,996 sq ft plot with a 5.5m frontage, as well as a combined gross floor area of 5,689 sq ft. Huttons Asia has been appointed as the marketing agent for the property, and they are inviting expressions of interest which will close on Sept 18.

Suzie Mok, project lead for 70 Tras Street, comments on the value of this asset, “The guide price for this exceptional asset is $22 million, translating to a rate of about $3,867 psf on the gross floor area of 5,690 sq ft. This is attractively priced with its excellent attributes.”

What creates an even higher value for this shophouse is that it is fully leased and will be sold with existing tenancies.
Previledged location-wise, the neighbourhood features several on-site car-parking options near two MRT stations, namely Tanjong Pagar Station on the East-West Line and Maxwell Station on the Thomson-East Coast Line.

Residents can enjoy a wide range of conveniences and amenities close at hand, such as connecting to a network of MRT stations that run along the Orchard Road stretch. This helps to ensure fast and easy access to the city’s key commercial and leisure hubs.

Those interested in this promising opportunity should consider the excellent attributes of this shophouse when making their investments. Additionally, readers may wish to note that this is part of the Millennial placemaker reshaping Geylang, and that there is a freehold shophouse on Syed Alwi Road for sale at $16 million, and conservation shophouse on Sago Street for sale at $10 million.