From left: 76 Prinsep Street and 123, 125 Kitchener Road (Source: Huttons Asia)
76 Prinsep Street is a 99-year leasehold 2-storey plus attic conservation shophouse with a lease balance of 73 years. It sits on a land plot of 2,583 sq ft with a built-up area of approximately 5,200 sq ft. Level 1 is currently vacant and was previously tenanted to a Chinese BBQ F&B. Level 2 is currently approved for restaurant and bar with live entertainment.
The asking price for 76 Prinsep Street is $19 million.
“The property is located within close proximity to both Dhoby Ghaut and Bencoolen MRT stations, with high human traffic. It is a popular hang-out area among locals and tourists with approval for bar with live entertainment which is hard to come by hence making this property attractive to both F&B businesses and investors,” says Mr Jeremy Lim, Group District Director of Huttons Asia Pte Ltd.
123 and 125 Kitchener Road are freehold strata titled shophouses and the adjoining ground level units are for sale at a guide price of $12 million. The ground level units have a strata size of 4,809 sq ft and is currently tenanted to an established supermarket with an attractive rental yield. It is zoned for commercial use under the Jalan Besar Conservation area and is approved for takeaway food shop under URA. The property has good frontage, surrounded by popular eateries and is within walking distance from Farrer Park MRT station.
As both properties are zoned commercial, foreigners are eligible to purchase and Additional Buyer’s Stamp Duty is not applicable.
The expression of interest exercise for both properties close on 30th Oct at 3pm.
For further information, please contact:
Jeremy Lim, Group District Director, Singapore
Tel: +65 8858 1212 | firstname.lastname@example.org