A two-storey conservation shophouse with attic at 112 Telok Ayer Street for sale at $8.8 mil

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A two-storey conservation shophouse with loft at 112 Telok Ayer Street was set out there for a direct price of $8.88 million. The land sits on a land plot measuring about 770 sq feet and has a entire floor area of approximately 1,550 sq ft. CBRE is only marketing the home.

“112 Telok Ayer Street offers buyers an superb opportunity to obtain a fully-let 999-year shophouse tenanted into a F&B operator, and which can be located only across the Telok Ayer MRT station,” states Clemence Lee, senior manager of capital markets, Singapore.

“Given the powerful proposal and palatable investment quantum of under $10 million, we now anticipate buyers who’ve been waiting in the sidelines to now return and assess this opportunity ,” he adds.

Underneath the 2019 Master Plan, the website is zoned for”Total Commercial” use over the Chinatown (Telok Ayer) Conservation Area. Both locals and foreigners are entitled to apply. There’s absolutely no extra buyers’ stamp duty or sellers’ stamp duty levied.