Three shophouses in District 1 for sale at $31 mil

SINGAPORE (EDGEPROP) – Three commercial shophouses at Stanley Street, Telok Ayer Street and Smith Street respectively are up for sale for $31 million, according to Knight Frank, which is marketing the properties.

151 Telok Ayer Street (Credit: Knight Frank)

The three properties in District 1 can either be purchased individually or as a portfolio.

The shophouse at 151 Telok Ayer Street is a freehold, 2½-storey intermediate shophouse at the junction of Telok Ayer Street and Cross Street. It occupies a site of 1,574 sq ft, and has a built-up area of 3,198 sq ft. If sold individually, the guide price for this shophouse is $11.7 million.

14 Stanley Street (Credit: Knight Frank)

At 14 Stanley Street, the subject property is a 2½-storey intermediate shophouse off Cecil Street. It occupies a site of 1,491 sq ft, and has a built-up area of 3,295 sq ft. The guide price for this shophouse is $11.5 million.

The shophouses at 151 Telok Ayer Street and 14 Stanley Street are within walking distance to Telok Ayer MRT Station on the Downtown Line.

8 Smith Street (Credit: Knight Frank)

Meanwhile, the shophouse at 8 Smith Street is within the Chinatown enclave. It is a two-storey corner shophouse. Its ground floor is currently leased to a restaurant, while the second level is used as an office. The property is to be sold individually at a guide price of $7.8 million.

It is a two-minute walk to the upcoming Maxwell MRT Station on the Thomson-East Coast Line, which is slated for opening next year.

Check out the latest listings near : Stanley Street, Telok Ayer Street, Smith Street, Cross Street, Cecil Street,Telok Ayer MRT Station, Maxwell MRT Station

For price trends, recent transactions, other project info, check out these projects’ research page: Stanley Street, Telok Ayer Street, Smith Street, Cross Street, Cecil Street

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