Four shophouses at Boat Quay – a single shophouse and a row of three shophouse units – have been put up for sale, according to sole marketing agent DTZ Debenham Tie Leung on Wednesday (Mar 18).
The single shophouse has a site area of 1,360 square feet (sq ft) and a gross floor area of 4,321 sq ft, while the three adjoining shophouses have a combined site area of 4,058 sq ft and a combined gross floor area of 11,514 sq ft, the press release said.
These shophouses have 999-year tenure, and are located in the Boat Quay Conservation Area and are zoned for the commercial use under the 2014 Master Plan. The Expression of Interest exercise will close at 3pm on Apr 21.
“Shophouses along Boat Quay are rarely available for sale, and three adjoining shophouse units are an even rarer opportunity. Bearing historical design and architecture, rich heritage and a unique charm, conservation shophouses are well sought after by investors as collectors’ items for their scarcity,” said DTZ Senior Director for Investment Advisory Services Swee Shou Fern.
Source : Channel NewsAsia – 18 Mar 2015