Shophouses on East Coast Road for sale at $20 mil

Two freehold commercial properties, located on East Coast Road, are up for sale through an expression of interest (EOI) exercise with a guide price of $20 million. Both properties comprise two-storey shophouses with a collective built-up area of about 4,362 sq ft.

The first shophouse, located across from i12 Katong, has a land area of 1,344 sq ft and permanent approval for F&B use on both floors, including a seating area on the second level. Its indicative price is $10.5 million.

Across the road from the first shophouse is the second one, with a land area of approximately 951 sq ft. It has permanent approval for F&B use. The second shophouse also comes with an external staircase, giving buyers the option to rent out the property to two separate tenants or use the second floor as a private dining area, subject to approval from authorities. Its indicative price is $9.5 million.

Evonne Seow, associate director at PropNex Realty, points out that the properties are located in a bustling area, thus offering buyers the potential to turn them into a multi-concept restaurant. She adds that few shophouses on East Coast Road, especially the ones opposite Katong Shopping Centre to i12 Katong, are often available for sale. “It is an excellent opportunity for investors looking for property investments with a reliable stream of rental income, as well as owner-occupiers searching for a commercial property for their business needs,” she states.

The EOI exercise for the shophouses will close on Nov 16 at 5pm.

Living at Marina Gardens Condo puts you right in the heart of all the action. Whether it’s dining, shopping, or entertainment, the integrated resort has something for everyone. Within walking distance are some of the world’s most luxurious shopping malls, as well as a selection of top-notch restaurants. Take a leisurely stroll along the boardwalk to the iconic Marina Bay Sands for unbeatable views over the city skyline. Enjoy the luxury of having the best of Singapore’s attractions all within easy reach.

The properties are being sold either together or separately. Latest sales transactions for commercial properties on East Coast Road have proven to be attractive investments, making these shophouses a unique and amazing opportunity.