Agent.sg / Property news / 2 Tras Street shophouses up for sale with S$12m and S$10m guide prices

2 Tras Street shophouses up for sale with S$12m and S$10m guide prices

Fresh property news selection on January 07. 2020, Tuesday.

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A pair of conservation shophouses along Tras Street is up for sale with a guide price of S$12 million for the larger property and S$10.8 million for the smaller unit. This works out to about S$2,800 per square foot (sq ft) for each shophouse, sole marketing agent CBRE announced on Tuesday.

The larger shophouse has a land area of about 1,494 square feet (sq ft) and total floor area of about 4,257 sq ft, while the smaller unit has a land area of about 1,298 sq ft and total floor area of about 3,852 sq ft.

The three-storey shophouses with attic have a 99-year lease and are zoned for commercial use under the Urban Redevelopment Authority's 2019 Master Plan.

They are a short walk from Tanjong Pagar MRT Station, and are fully leased to food and beverage operators on the ground floor and soho users on the upper floors, said CBRE.

Recent transactions of 99-year leasehold shophouses include 34, 36 and 38 Tanjong Pagar Road, which were sold collectively in December 2019 at about S$16.4 million or about S$3,000 per sq ft; and 76 Pagoda Street, which sold in July 2019 at S$13.3 million or S$3,500 per sq ft, added CBRE.

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