SINGAPORE – CBRE is releasing for sale, through a good Expression interesting exercise, a new row of 5 continuous freehold prime shophouses located in the heart involving the Kampong Glam Resource efficiency Area. The shophouses are usually located at 17, 20, 21, 23 and twenty-five Baghdad Street.
Using a well known 60-meter triple-road frontage on Baghdad Street, Bussorah Road and one side side of the road, the subject property consumes a combined land place of approximately 4, 892 square feet.
While every shophouse has its specific land title, all of them are placed by a single operator. Under the 2019 Set up Master Plan, the internet site is zoned as complete “Commercial” inside the Kampong Being in the news Conservation Area.
The several shophouses have areas varying from 1, 375 rectangular feet to 2, 416 square feet, contributing to be able to a total floor region of approximately 8, 013 square feet. Currently totally tenanted, the shophouses in addition feature existing F&B home loan approvals which are rare in this market.
Yap Hui Yee, Associate Director, Capital Market segments, CBRE said, “Kampong Being in the news is within the Ophir-Rochor Corridor that is quick becoming the following hotspot with regard to live-work-play offerings, attracting solid interest from buyers. Offered the subject property’s ideal location and strong house attributes, we are positive that the shophouses can garner keen interest through savvy investors with a new medium-to-long-term investment horizon that are seeking to gain from future rental benefit and capital appreciation, throughout addition to enjoying instant rental income. The 5 individual land titles furthermore provide the successful customer the additional option to be able to keep a few of the units or perhaps sell them independently inside the future. ”
Master of science Yap continued, “We likewise expect strong interest coming from owner-occupiers looking to track down their business in a new boutique building with enumerating rights. The adjoining shophouses provide the successful client with extra flexibility inside space configuration to accommodate their particular own-use requirements or accommodate to tenants’ needs. Many possible uses of typically the space include backpacker hostel, educational/enrichment school, healthcare/fitness middle, stores, F&B establishments, innovative outfits or showrooms.
Typically the subject property is situated within the heart regarding Kampong Glam historic area – once Singapore’s standard Malay enclave that features been changed into today’s busy hub
offering a different mix of cultural, enjoyment, F&B and lifestyle points of interest frequented by both residents and tourists.
It is certainly a stone’s throw apart from cultural landmarks this kind of as the Sultan Mosque as well as the Istana Kampong Fashion, the previous Sultan’s Structure. Other nearby landmarks consist of DUO, City Gate, The particular Concourse along with the upcoming Guoco Midtown.