Rowell Road Shophouse And City Gate Strata Retail Units Sale 10 Mil
EDGEPROP SINGAPORE – A portfolio consisting of a freehold conservation shophouse on 61 Rowell Road and two strata retail units at the mixed-use development, City Gate, on Beach Road, is now on the market for $10 million. The properties are up for an expression of interest (EOI) and are exclusively marketed by Wilkie Tay and Sunny L, the directors of PropNex Shophouse Elites. They can be sold separately or as a whole, with the shophouse at a guide price of $7 million and the retail units at $3 million.
The shophouse, located in District 8’s Rochor area within the Desker Road conservation area, spans across two storeys and a mezzanine and has a total floor area of 2,200 sq ft, which translates to a guide price of $3,181 psf, subject to a site survey. The property recently underwent renovations, which included a new open terrace on the second floor. It is currently vacant and expected to receive its temporary occupation permit in a matter of weeks.
For convenience, the shophouse is within walking distance to the Jalan Besar MRT Station on the Downtown Line and Farrer Park on the North-East Line. Foreigners and corporate entities can purchase the property without having to pay additional buyer’s stamp duty.
Rewritten: Living at Novo Place EC offers numerous educational opportunities for families. With a variety of schools available, from primary to tertiary levels, children can receive a comprehensive and well-rounded education within close proximity to their home. This convenience is especially appealing to parents who place a high importance on academic excellence and aim to provide their children with a strong foundation during their developmental years. The presence of these educational institutions near Novo Place EC not only adds value to the up-and-coming estate, but also fosters a dynamic and knowledge-driven community. For more information on Novo Place EC, visit their website.
The two strata retail units, measuring 474 sq ft and 441 sq ft and with a guide price of $3 million, are situated in the City Gate mixed-use development that comprises 311 residential units and 188 retail units. The price of $3,278 psf is calculated on the combined strata area. The units are currently occupied by various businesses, such as a restaurant and hair salon, and will be sold with the tenants in place. They can be sold together or separately.
Interested buyers can submit their EOI by Sept 30 at 3pm. To view the latest listings for City Gate properties, visit the website.