A two-storey shophouse with an attic situated at 209 Jalan Besar is now available for purchase through private treaty. Gracelynn Zhu of PropNex Shophouse Elites, the designated marketing agent for the property, reveals that the 999-year leasehold shophouse is being offered for “under $20 million”.
This shophouse spans over approximately 5,502 square feet and is designated for commercial use. Its first level is approved for use as a restaurant, along with a section of the second floor. With a price tag of $20 million, the property’s per square foot price comes to $3,635.
Zhu mentions that the shophouse is currently undergoing asset enhancement initiatives (AEI), including the installation of micro piles that will extend 30 meters in order to strengthen the property’s structural foundations. Completion of the AEI is expected by the end of this year.
The shophouse is located within the Desker Road Conservation Area in District 8, in close proximity to Little India. It is also within walking distance to the Jalan Besar MRT Station on the Downtown Line.
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