Sep 22, 2020
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Located within the Blair Plain Conservation Area, the freehold corner shophouse comes with an attic and sits on a 2,023 sq ft site. It has a built-up area of around 4,000 sq ft.

A two-storey conservation shophouse at 9 Everton Road has been launched for sale via expression of interest (EOI) with an indicative price of $7.5 million, revealed exclusive marketing agent Cushman & Wakefield.

Located within the Blair Plain Conservation Area, the freehold corner shophouse comes with an attic and sits on a 2,023 sq ft site. It has a built-up area of around 4,000 sq ft.

Under the 2019 Master Plan, the site within prime District 2 is zoned for residential use.

The marketing agent noted that the property is less than 600m away to the Outram Park MRT Station as well as the upcoming Cantonment MRT Station.

“This is a rare opportunity for discerning home seekers or investors looking to own shophouse assets within the Blair Plain Conservation Area as the supply is extremely limited; only four units have transacted in the last two years. A corner unit is even more scarce in supply,” said Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield.

Poh added that freehold landed homes within prime central districts are “always highly sought after by investors for their excellent capital appreciation potential and their great appeal to expatriate tenants as such properties offer a spacious and unique living space while being conveniently located near the Central Business District”.

The EOI exercise for the shophouse closes on 20 October.

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg

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