24 Jun '14, 8am

Tanjong Katong shophouse up for sale, Singapore Property News, Singapore Property Guides

Tanjong Katong shophouse up for sale, Singapore Property News, Singapore Property Guides

A FREEHOLD corner conservation shophouse in the Tanjong Katong Conservation Area has been put up for sale in a public tender with an indicative asking price of $8.38 million. The two-storey property at the junction of Tanjong Katong Road and Wilkinson Road is owned by a group of local investors and has a land area of about 2,025 sq ft, said sole marketing agent CBRE yesterday. It is zoned as residential with commercial on Level 1 and has a gross plot ratio of 3.0. The building is fully leased and occupied, with the ground floor taken by a restaurant and bar, and the upper floor occupied by boutique studio units. There is a large public carpark across the road. Mr Galven Tan, director of investment properties at CBRE, said a buyer can expect "strong rental returns in excess of 4 per cent". "In the long term, there are various development options available to the buyer," he ...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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