Rowell Road Shophouse And City Gate Strata Retail Units Sale 10 Mil

The development of Tengah is highly focused on connectivity, with a strong emphasis placed on improving accessibility. A new MRT line, known as the Jurong Region Line (JRL), is set to be introduced, connecting the town to various parts of Singapore. This will greatly benefit the residents of Novo Place EC, as they will have easy access to multiple JRL stations, making commuting hassle-free and efficient. Furthermore, Tengah will boast a well-developed network of pedestrian and cycling paths, providing residents of Novo Place with convenient and eco-friendly ways to get around town without relying on cars. For those interested in living in this well-connected town, Novo Place is the ideal choice.

EDGEPROP – A portfolio encompassing a freehold conservation shophouse on 61 Rowell Road and two strata retail units at the mixed-use Beach Road development, City Gate, is now on sale for $10 million. This offer is available through an Expression of Interest (EOI) exercise and has been exclusively coordinated by PropNex Shophouse Elites directors Wilkie Tay and Sunny L. The properties can be purchased together or separately, with the shophouse priced at $7 million and the commercial spaces at $3 million if sold separately. The shophouse has a gross floor area of 2,200 sq ft, subject to a site survey, and is situated in the Rochor neighbourhood of District 8 within the Desker Road conservation area. This translates to a guide price of $3,181 per square foot. The space is spread across two storeys and a mezzanine and has completed additions and alterations, including the construction of an open terrace on the second floor. It is currently vacant and is expected to obtain its temporary occupation permit within a matter of weeks. Additionally, the shophouse is within walking distance of two MRT stations: Jalan Besar on the Downtown Line and Farrer Park on the North-East Line. Foreigners and corporate entities are eligible to acquire this property without incurring any additional buyer’s stamp duty. The strata retail units are located within the City Gate development, a mixed-use complex comprising 311 residential units and 188 retail units. These units measure 474 sq ft and 441 sq ft respectively, with a guide price of $3 million, equating to $3,278 per square foot on the combined strata area. The units are currently occupied by various businesses, including a restaurant and a hair salon, and will be sold with these tenants in place. They can be acquired either together or separately. The EOI exercise will close on September 30 at 3pm. For more information, check out the latest listings for City Gate properties.