Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Freehold Lorong Mambong Shophouse Units For Sale by Expression of Interest

Shaun Poh • 03/02/2020

26A-&-26C-Lorong-Mambong

A shophouse with two retail units located at 26A & 26C Lorong Mambong together with their adjacent front and rear land parcels (the “Properties”), have been put up for sale via an Expression of Interest exercise by Cushman & Wakefield, the appointed exclusive marketing agent for the Properties.

Lorong Mambong is within the prime and affluent Holland Village lifestyle precinct in District 10 and is at the heart of the precinct’s main commercial enclave, which houses a vibrant mix of trendy restaurants, cafes and sports bars within its charming shophouses – popular with both local and expat communities. The site is easily accessible with its strategic and convenient location, with Holland Village MRT Station a mere three-minute walk away.  

Holland Village has also been earmarked by the Urban Redevelopment Authority (URA) as a growth precinct with plans for more pedestrian walkways, a new community park, as well as an upcoming mixed-use development – One Holland Village. The rejuvenation of the precinct will breathe fresh life into the locality with the introduction of new upscale and luxurious residences, offices and retail spaces. 

The Properties to be divested have a total strata area of about 1,840 sq ft while the adjacent land parcels at the front and rear have a combined land area of approximately 1,020 sq ft. The first floor unit has been approved for “Restaurant” use and its adjacent land parcels may be leased out as outdoor refreshment areas for patio dining use. The indicative price for the properties is $13.8 million. 

Mr. Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, says “This is an opportunity not to be missed as freehold commercial properties within District 10 are rare and few. Given the URA’s plans for the precinct and the anticipated completion of new developments in the immediate vicinity, the properties will likely appeal to investors seeking prime assets with tremendous potential for capital appreciation and rental upside.”  

Foreigners are eligible to purchase the properties and Additional Buyer’s Stamp Duty (ABSD) is not applicable. 

The Expression of Interest exercise closes on 05 March 2020 (Thursday), at 3.00pm. 

 

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS