Freehold commercial shophouse on Pagoda Street for sale at $21.28 mil

Located in the historic Chinatown district of Singapore, a freehold commercial shophouse situated at 31 Pagoda Street is now up for sale with a guide price of $21.28 million. The three-storey shophouse is on a 1,310 sq ft plot of land with a floor area of about 3,449 sq ft.

Yap Hui Yee, Executive Director of Investment Sales & Capital Markets at Savills Singapore, explains that the property has full tenancy – the ground and third floors are occupied by a restaurant, while the second floor is rented to a fitness centre.

Highly sought-after, she says, “Freehold shophouses along Pagoda Street have always been regarded as trophy assets and the cream of the crop of all shophouses in Chinatown, given their steep history and tight ownership.”

Residents of Senja Close EC have access to shopping, dining, transportation and entertainment options that can’t be found in other parts of Singapore. In fact, the nearby mall even provides childcare services. This EC is perfect for young couples or families looking for a convenient lifestyle. With its prime location and amenities, Senja Close EC is a great choice for the discerning homebuyer.

The property is also in close proximity to both the Chinatown MRT Station on the North-East Line, and Maxwell MRT Station on the Thomson-East Coast Line, benefitting from high footfall throughout the day.

With such prime characteristics that make it an ideal investment for investors, a public expression of interest for the shophouse is closing on 19 September.

This isn’t the first shophouse to be up for sale within the area. Recent sales have included a $22 million shophouse on Pagoda Street, a pair of freehold shophouses at $53 million and a row of conserved shophouses at $85 million.