Jalan Besar Shophouse Market Under 20 Mil
A 999-year leasehold shophouse with a unique corner location and two storeys, an attic, and a total area of approximately 5,502 sq ft, is now on the market at 209 Jalan Besar. This property is listed for sale through a private treaty by Gracelynn Zhu, of PropNex Shophouse Elites. According to Zhu, the shophouse is available for purchase at a price “below $20 million”.
The shophouse is zoned for commercial use, and features an approved restaurant space on the first floor, as well as a portion of the second floor. Based on the asking price of $20 million, the psf price for this property is approximately $3,635, based on the floor area.
The shophouse is conveniently located within the Desker Road Conservation Area in District 8, near the bustling area of Little India. The Jalan Besar MRT station, which is on the Downtown Line, is just a short walking distance away.
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Zhu also mentions that the shophouse is currently undergoing asset enhancement initiatives to improve its structural foundations. This includes the installation of micro piles that extend 30m, which is expected to be completed by the end of this year.
In addition to the shophouse, the property also includes a map showing its location on EdgeProp LandLens. This provides a detailed view of its surroundings, allowing potential buyers to better understand the property’s location and potential.
Overall, this shophouse presents a rare opportunity to own a unique property in a prime location, and it is expected to attract strong interest from investors and business owners alike. Don’t miss the chance to secure this desirable property.