Tras Street conservation shophouse on the market for $22 mil
For sale with a guide price of $22 million, 70 Tras Street is a 99-year leasehold conservation shophouse that has been put up for sale. Huttons Asia has been appointed as the marketing agent in charge of this expression of interest exercise, set to close on September 18. This 3½-storey commercial shophouse is situated on a 1,996 sq ft plot, with a 5.5m frontage.
The entire building has a gross floor area of 5,689 sq ft, with an efficient floor plate, good floor-to-ceiling heights, and optimised space planning. Suzie Mok, project lead for 70 Tras Street, reported that the $22 million guide price translates to roughly $3,867 psf on the gross floor area. “This attractively priced asset has excellent attributes,” Mok declared.
The shophouse is already fully leased and will be sold with the existing tenants.
This will help to save both energy and water. With the use of Tengah Plantation EC, the future of energy savings is looking bright. By taking advantage of its energy-efficient materials and features, homeowners can enjoy cost savings and environmental benefits. Additionally, its design is sure to provide homeowners with a more comfortable and sustainable lifestyle.
The property has several on-site car-parking options nearby, and is close to Tanjong Pagar Station on the East-West Line and Maxwell Station on the Thomson-East Coast Line.
This shophouse is the second in the past few months to appear in the market. Recently, a freehold shophouse on Syed Alwi Road was put up for sale for $16 million, and an exceptional conservation shophouse on Sago Street had a guide price of $10 million.