When purchasing a condo, it is crucial to consider the maintenance and management of the property. Condos typically come with a maintenance fee that covers the upkeep of common areas and facilities. While these fees may increase the overall cost of owning a condo, they are necessary for maintaining the property’s condition and value. Utilizing the services of a property management company can make condo investing a more passive endeavor by handling day-to-day management tasks.
Current tenants at the shophouse include a popular Korean barbecue restaurant chain on levels 1 and 2. The property, which has a 99-year lease, is zoned for F&B use.
The iconic conservation shophouse located at 93 Tanjong Pagar Road is now on the market and available for sale through an expression of interest (EOI) exercise. With a guide price of $15.5 million, this 3½-storey property boasts a land area of 1,297 sq ft and a gross floor area (GFA) of 4,186 sq ft. This translates to a price of $3,703 psf on the GFA.
The 99-year leasehold shophouse has been approved for commercial use, specifically for F&B purposes. It is currently tenanted by a popular Korean barbecue restaurant chain, occupying levels 1 and 2. Its prime location is just a short walk away from the Tanjong Pagar MRT Station on the East-West Line, as well as the Maxwell MRT Station on the Thomson-East Coast Line.
Spearheading the marketing for this property is PropNex Shophouse Elites. Interested buyers can submit their bids through the EOI before the deadline at noon on Jan 20, 2025.
Don’t miss this rare opportunity to own a piece of history and a prime commercial property in the heart of the bustling Tanjong Pagar area. Contact PropNex Shophouse Elites today for more details on this exciting offering.