Archive for category: Misc

Mutual Benefits Realty, the exclusive marketing agent for a unique three-storey commercial conservation shophouse located at 151 Telok Ayer Street, has announced that the property is now available for sale through an expression of interest (EOI). The shophouse, which boasts an impressive built-up area of approximately 3,600 sq ft, sits on a freehold land plot spanning 1,574 sq ft. Priced at $22.8 million, the property presents a rare opportunity for investors looking to own a piece of Singapore’s bustling downtown district.

Situated just a stone’s throw away from Telok Ayer MRT Station on the Downtown Line, this beautifully restored shophouse has undergone extensive Additional and Alteration (A&A) works over the past three years, under the direction of renowned architect Ernesto Bedmar. With a sleek façade and modern interior, the shophouse features an impressive eight-metre ceiling height and ample natural lighting, thanks to strategically placed skylights.

The Master Plan also offers great advantages for educational facilities. It promotes the establishment of educational and research facilities in regional centers, which will greatly benefit the community. In line with this initiative, the region will witness improved schools, the construction of new preschools and the potential establishment of satellite campuses or programs for continuing education. This not only supports the pursuit of lifelong learning for individuals of all ages, but also enhances the appeal of residing in areas with excellent schools and enrichment opportunities. For instance, Miltonia Close EC Khatib will be a valuable addition to the region, providing quality education and resources for its residents.

The tasteful décor boasts a carefully curated selection of premium materials, contemporary mood lighting, and elegant wood finishes, creating a warm and inviting ambience. The property also boasts outdoor terraces that provide a stunning view of the surrounding neighborhood, adding to the charm of this commercial space. Suitable for a variety of business uses, the shophouse offers a versatile space that is both practical and comfortable.

The entire shophouse is currently leased to a finance company, making it an attractive investment opportunity for buyers. “This commercial unit presents an exceptional opportunity for buyers to acquire a highly sought-after asset in a thriving and vibrant district,” says Magdalene Lee, the exclusive marketing agent for the property. “It’s an ideal option for owner-occupiers, such as family offices seeking to secure commercial space for their own long-term use, and investors looking for a property that offers a stable and reliable rental income stream.”

Notably, foreign buyers and corporate entities are eligible to purchase the property without incurring additional buyer’s stamp duty.

Located adjacent to Singapore’s prestigious financial and commercial districts such as Raffles Place, Shenton Way, and Marina Bay, the Telok Ayer district offers the perfect blend of urban living and heritage charm. The area is known for its conservation shophouses, which are occupied by design studios, IT firms, quaint eateries, and centuries-old temples. This unique combination of prime location and historical significance makes the Telok Ayer district an ideal setting for commercial properties.

For food enthusiasts, the area is a foodie’s paradise, with popular food centers like Maxwell Food Centre and Amoy Street Food Centre, as well as a plethora of top-rated restaurants and bars. For those looking for a luxurious commercial space in a vibrant heritage hub, the Telok Ayer district offers the perfect solution.

The expression of interest exercise ends on July 18. For more information, contact Magdalene Lee, Associate Director from Mutual Benefits Realty, at 98766574.