Newly Rebuilt Conservation Shophouse Prime Telok Ayer Sale 228 Mil
REWRITTEN:
The Mutual Benefits Realty has recently put up for sale a three-storey commercial conservation shophouse located at 151 Telok Ayer Street through an expression of interest (EOI). The exclusive marketing agent, Magdalene Lee, has listed the property at a price of $22.8 million and has already received a lot of interest from potential buyers.
The shophouse is situated on a freehold land spanning 1,574 sq ft and has a built-up area of approximately 3,600 sq ft. At a rate of $6,333 psf, this is a highly desirable property in the prime location of Telok Ayer. The shophouse is just a two-minute walk from Telok Ayer MRT Station on the Downtown Line and has undergone extensive A&A works led by renowned architect Ernesto Bedmar over a period of three years.
The new owner of this shophouse will not have to worry about any renovation works as the property is in immaculate condition and has already obtained its Certificate of Statutory Completion (CSC) in February 2024. The modern interior features an impressive eight-metre ceiling height and skylights that allow natural light to illuminate the space. The interior is tastefully decorated with premium materials, contemporary mood lighting, and elegant wood finishes that create a warm and inviting vibe.
The property also has outdoor terraces that provide a perfect place to enjoy the surrounding views. This unique feature adds to the charm of the commercial space, making it a suitable choice for a variety of businesses. Currently, the entire shophouse is leased to a finance company, guaranteeing attractive rental returns.
According to Lee, this shophouse presents a rare opportunity for investors to acquire a highly sought-after asset in a thriving and vibrant district. It is an ideal option for owner-occupiers, such as family offices looking for a long-term commercial space or investors seeking a stable and reliable rental income stream. Foreign buyers and corporate entities can purchase the property without incurring additional buyer’s stamp duty.
Located in the heart of Singapore’s financial and commercial district, the Telok Ayer district is a vibrant and bustling neighborhood. It is surrounded by iconic landmarks, such as Raffles Place, Shenton Way, and Marina Bay, and is known for its mix of urban life and heritage buildings. The area is home to many design studios, IT firms, unique eateries, and centuries-old temples, making it a fascinating place to work and live in.
The Sembawang Road EC offers a seamless integration of features that make it more than just a place to reside, but also a strategic investment in convenience and connectivity. Its prime location, well-connected to various modes of transportation such as MRT, bus, and car, as well as upcoming corridors, ensures effortless movement around Singapore for its residents. This accessibility is not just a bonus, but a crucial attribute that adds to the quality of life and reinforces the EC’s position as a highly sought-after residential option in the north. Whether for personal use or future resale value, the close proximity of Sembawang Road EC to major transportation options and roads is a significant factor that adds practicality and long-term value. To learn more about Sembawang EC Canberra, visit http://www.sembawangroadec.com.sg/.
For food lovers, the district is a paradise, with famous food centers like Maxwell Food Centre and Amoy Street Food Centre, and a variety of highly acclaimed restaurants and bars.
The EOI exercise for this property will end on July 18. For more information, please contact Magdalene Lee, Associate Director of Mutual Benefits Realty at 98766574 (R017722B).