SINGAPORE (EDGEPROP) - A pair of freehold corner shophouses in the Lavender-Kallang precinct is on the market for $13.2 million, according to Savills Singapore, which is marketing the property.
The two-storey conservation shophouses at 52 Foch Road have an attic and a four-storey rear extension. The pair occupies a site of 2,848 sq ft, and has a built-up area of 8,417 sq ft. The property enjoys an 18m-wide main road frontage along Foch Road.
The property is approved for F&B use on the ground floor, and is rented out to a coffeeshop operator. Office tenants are located on the upper floors. Altogether, the property is subdivided into seven units, and all units come with individual air-conditioning systems and toilets.
Some selected units on the upper floors enjoy double-volume ceiling height.
Under URA’s 2019 Master Plan, the property is zoned for commercial use under the Jalan Besar Secondary Settlement Conservation Area, which allows for rear extension up to six storeys. No additional buyer’s stamp duty or sellers’ stamp duty will apply to the purchase of the property.
The shophouses are a five-minute walk to Bendemeer MRT Station on the Downtown Line.
The expression of interest exercise for the shophouses will close on Aug 17, at 3pm.
For price trends, recent transactions, other project info, check out Foch Road research page