Nov 10, 2021
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The three-storey shophouse is located at 57 Duxton Road and occupies a land area of about 1,144 sq ft, with an estimated built-up area of about 3,407 sq ft. Source: Google Maps

A three-storey conservation shophouse with an attic at 57 Duxton Road has been put up for sale via expression of interest (EOI) with a guide price of $8.9 million, revealed exclusive marketing agent Savills Singapore.

Located within the Tanjong Pagar financial district, the shophouse occupies a land area of about 1,144 sq ft and has an estimated built-up area of about 3,407 sq ft.

The ground floor unit of the property – which is zoned “Commercial – is tenanted to a food and beverage (F&B) operator, while its upper floors consist of office spaces.

It is situated between the Keong Saik F&B enclave and Duxton Hill, with accessibility to Tanjong Pagar MRT and Outram Park Interchange. The upcoming Maxwell MRT station is also a few minutes’ walk away.

Popular establishments within the vicinity include The Working Capitol, Shake Shack and the upcoming luxury lifestyle hotel Mondrian Singapore.

Savills noted that the property’s commercial zoning provides the flexibility for multiple potential usages like healthcare / medical, family office, F&B, fitness centre and shops, subject to the approval of authorities.

“This is a rare opportunity for buyers to purchase an exquisite heritage shophouse in an exciting, fast-growing and charming enclave. Given that the precinct is still undergoing urban rejuvenation, this presents an exceptional value-add opportunity for the buyer to explore various potential uses for the shophouse and ride on the growth and transformation of the precinct,” said Yap Hui Yee, Director of Investment Sales and Capital Markets at Savills Singapore.

Given its commercial zoning, foreigners and companies can acquire the shophouse with no Additional Buyer Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) payable.

The EOI exercise for the shophouse closes on 10 December.

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Cheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email: cheryl@propertyguru.com.sg

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Row of three shophouses in Tanjong Pagar up for sale for $33mil

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