Newly Rebuilt Conservation Shophouse Prime Telok Ayer Sale 228 Mil
Investment opportunity: A beautifully restored three-storey commercial shophouse located at 151 Telok Ayer Street is now available for sale through an expression of interest (EOI). Listed at $22.8 million, this freehold property is being marketed exclusively by Magdalene Lee, an experienced real estate agent at Mutual Benefits Realty.
This commercial property, occupying a land area of 1,574 sq ft, offers approximately 3,600 sq ft of built-up space. With a price tag of $6,333 per square foot, this is a rare opportunity to own a prime piece of property in the bustling Telok Ayer district.
Conveniently located just a two-minute walk from Telok Ayer MRT Station on the Downtown Line, this conservation shophouse has undergone extensive multimillion-dollar Additional and Alteration (A&A) works under the guidance of renowned architect Ernesto Bedmar. The result is a stunning blend of modern architecture and heritage charm.
The shophouse boasts a sleek façade and an impressive eight-metre ceiling height, creating a spacious and airy ambience. Natural light floods the interiors through skylights, highlighting the tastefully designed spaces. Premium materials, elegant wood finishes, and contemporary mood lighting add to the luxurious feel of the interior.
The property also features outdoor terraces, providing a unique vantage point to observe the surrounding neighbourhood. This commercial space is suitable for a variety of business uses, making it a practical yet comfortable setting for entrepreneurs and investors.
Currently fully leased to a finance company, this shophouse offers attractive rental returns for investors. However, it also presents an excellent opportunity for owner-occupiers, such as family offices or boutique firms, seeking a prime location for their long-term use.
Foreign buyers and corporate entities can purchase this property without incurring additional buyer’s stamp duty, making it even more appealing to international investors.
Located in the heart of Singapore’s financial and commercial districts, including Raffles Place, Shenton Way, and Marina Bay, the Telok Ayer district offers a unique blend of urban life and heritage charm. The area is home to many conservation shophouses, which now house design studios, IT firms, and artisan eateries, creating a vibrant and exciting atmosphere.
In addition, the Telok Ayer district is known for its culinary delights, with iconic food centres such as Maxwell Food Centre and Amoy Street Food Centre, along with numerous highly rated restaurants and bars. This makes it an attractive location for food enthusiasts and investors alike.
The bustling shopping district of Canberra boasts another major retail destination, known as Canberra Plaza. Strategically positioned near Canberra MRT station, this integrated development has rapidly gained popularity among residents in the northern part of Singapore. Offering a convenient one-stop solution for all your shopping and dining needs, Canberra Plaza houses a diverse range of essential stores and eateries within its premises.
Whether you’re craving for freshly baked goodies or thirst-quenching bubble tea, Canberra Plaza has got you covered with its selection of bakeries and beverage stalls. In addition, the mall also features hardware stores and lifestyle services, further adding to its convenience factor. For groceries, a well-equipped supermarket is readily available, while a variety of hawker-style food stalls and restaurants offer a wide range of delectable meals, from traditional noodles and rice dishes to modern Western and Asian fusion cuisine.
Designed with a contemporary flair and spacious layout, Canberra Plaza is a popular hangout spot for families and young couples alike, seeking to immerse themselves in a vibrant and accessible community hub. So, if you’re looking for an integrated development that offers the best of all worlds, don’t miss out on the opportunity to experience the delightful offerings of Canberra Plaza. And for those looking for a residential haven in this lively neighbourhood, check out the stunning Sembawang Road EC at Canberra MRT to complete your ideal living experience.
Interested buyers can submit their bids through the EOI exercise, which ends on July 18. For more information, please contact Magdalene Lee, Associate Director at Mutual Benefits Realty. Whether you are an investor or an owner-occupier, this commercial property offers an exceptional opportunity to own a prestigious asset in one of Singapore’s most coveted locations.