Conservation Shophouse Liang Seah St Market 15 Mil

A unique opportunity has arisen for investors looking to acquire a 999-year leasehold conservation shophouse in the bustling area of Liang Seah Street. This three-storey intermediate property, located at 20 Liang Seah Street, is being marketed exclusively by SRI Capital Market and is expected to fetch a price of $15 million.

Situated on a 1,129 sq ft plot, the shophouse is classified as “residential and commercial” and has a gross plot ratio of 4.2 under the latest Master Plan. The building has a total built-up area of 2,635 sq ft, with a guide price of $2,635 psf.

The ground floor and second floor of the shophouse are currently approved for restaurant use, while the top floor is leased for residential purposes. As the property falls within the Beach Road secondary settlement conservation area, any new extensions built here may have up to five storeys, subject to approvals.

According to Low Choon Sin, the managing partner of SRI Capital Market, this property presents an excellent opportunity for potential end-users such as F&B tenants or corporate offices. This is because the residential space on the third floor can be used as accommodation for staff. He also mentions that the shophouse boasts a prominent frontage along Liang Seah Street, which is a busy area with high vehicular traffic during the day. It is also in close proximity to popular restaurants and shops in the nearby Bugis area.

Low believes that investors can take advantage of the property’s strategic location and hold onto it for the long term to benefit from the ongoing rejuvenation of Bugis. The completion of new landmark developments such as Guoco Midtown and the upcoming Shaw Towers is expected to further enhance the vibrancy of the area.

The EOI exercise for the sale of 20 Liang Seah Street will close on April 10. So, don’t miss this opportunity to invest in a prime 999-year leasehold property with potential for long-term growth.