A freehold conservation shophouse at 9 Everton Road (the “Property”), has been put up for sale via an Expression of Interest exercise by Cushman & Wakefield, the appointed exclusive marketing agent.
The subject property is a charming two-storey corner shophouse with an attic, in the Blair Plain Conservation Area which sits on a land area of 2,023 sq ft and has a built-up area of approximately 4,000 sq ft. The site is zoned residential under the 2019 Master Plan and it is within the prime District 2. The Outram Park MRT Station and the upcoming Cantonment MRT Station are located less than 600m away from the subject property. The area was historically a residential area for wealthy businessmen and has retained the same profile and identity over the decades.
Mr. Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, says “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.”
Mr Poh also added that, “Freehold landed homes in 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 indicative price for the Property is $7.5 million. The Tender exercise closes on 20 October 2020 (Tuesday), at 3.00pm.