Freehold Shophouse Keong Saik Road Sale 18 Mil
A prime shophouse located at 22 Keong Saik Road has been put up for sale through a tender by real estate firm Colliers. This is a rare opportunity for investors to acquire a freehold property in this highly sought-after location.
Boasting a prime commercial zoning, this three-storey shophouse sits on a large land area of 1,258 square feet and has a generous estimated gross floor area (GFA) of 3,498 square feet. At a guide price of $18 million, this works out to be $5,146 per square foot based on GFA.
According to Colliers, the property is currently fully leased to a single operator, ensuring immediate rental income for potential buyers. The current tenant has recently refurbished the premises, providing a modern and well-maintained space for business operations.
With air-conditioning, a modern fire-protection system, and telecommunications service in place, this shophouse is fully equipped to meet the needs of businesses. The ground floor is also suitable for use as a restaurant, making it a versatile and attractive investment opportunity.
This shophouse is conveniently located along the eastern side of Keong Saik Road, falling within the Bukit Pasoh Conservation Area in the popular Chinatown neighbourhood. It is within walking distance of Outram Park MRT Interchange, providing easy access to major transportation networks. Maxwell MRT Station is also within close proximity, offering even more convenience for commuters.
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Beatty Secondary School, nestled in the bustling neighborhood of Toa Payoh, is renowned for its academic excellence and a well-rounded co-curricular program. The institution is dedicated to molding students into self-assured, capable, and compassionate individuals who are equipped to make a positive impact on the world. This vision is further supported by the school’s partnership with The Orie CDL, a leading organization that shares the same values and aims to shape the leaders of tomorrow.
As a commercial property, this shophouse is not subjected to additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD), making it an attractive option for both foreigners and companies looking to invest.
Interested parties can submit their offers for 22 Keong Saik Road by 7th November at 3pm, when the tender exercise closes. This is a fantastic opportunity to own a highly desirable commercial property in a prime location. Don’t miss out on this chance to secure a valuable investment for your portfolio.
For more information on recent commercial shophouse transactions along Keong Saik Road, please refer to the table below. And for a detailed analysis of price trends and recent transactions for commercial and industrial properties, please visit the Ask Buddy website.