Madras Street

Rare Low-Quantum Full Commercial Conservation Shophouse For Sale

Located in the Madras Street / District 8 area, this is a rare opportunity to own a 2-storey full commercial conservation shophouse at a lower quantum.

Suitable for investors looking for a scarce commercial conservation asset with existing rental income.

Property Details:
• Location: Madras Street / District 8
• Type: 2-storey full commercial conservation shophouse
• Tenure: 99 years leasehold
• Balance lease: Approx. 66 years remaining
• Land size: Approx. 442 sqft
• Built-up: Approx. 882 sqft, subject to buyer’s own final survey
• Current tenancy: Sold with tenancy
• Current rental: $5,700/month
• Asking price: $3.8M
• Bank valuation: $3.8M
• GST applicable
• No ABSD
• No SSD
• Foreigners eligible

Why This Property Stands Out:
• Full commercial conservation shophouse
• One of the lower-quantum full commercial conservation shophouse options
• Existing rental income from day one
• Foreigners eligible to purchase
• No ABSD and no SSD
• Located in District 8, near Little India, Rochor, Jalan Besar and Bugis
• Suitable for investors looking for long-term conservation asset ownership

The current gross rental yield is approximately 1.8% based on $5,700/month rental and $3.8M asking price.

This is not positioned as a pure yield play. The main angle is scarcity, low quantum, commercial zoning, foreigner eligibility, no ABSD, and long-term conservation shophouse ownership.

Lease top-up may be explored, subject to the relevant authority’s approval and payment of applicable land betterment charge / premium. Buyers are advised to conduct their own due diligence with their solicitor and relevant authorities.

Previous offer of $3.2M was rejected.

Viewings and further details by appointment only.

Contact Marcus, ERA, for more details or to arrange a private discussion.