Ground-floor shop space in Tiong Bahru for sale at $3.3 mil

For retail property at 71 Seng Poh Road, an EOI exercise with a guide price of $3.3 million is underway. Knight Frank appointed as marketing agent. The 1,367 sq ft shop unit is located on the ground floor of a SIT flat in the Tiong Bahru estate and was recently renovated. It comes with a storeroom and a toilet and offers parking options both in front of the property’s main entrance and behind the block.The area in which the shop unit is located has high footfall among locals and tourists but shops are rarely put up for sale as most owners prefer to hold them tightly for investment or owner occupation. Situated opposite to the Tiong Bahru Market and Food Centre, the property is within walking distance of the Havelock MRT Station.The EOI exercise for the retail property will close on Nov 29 at 3pm.

An Expression of Interest (EOI) exercise is underway for a ground-floor retail unit situated at 71 Seng Poh Road, with a guide price of $3.3 million. This 1,367 sq ft commercial property is part of a Singapore Improvement Trust (SIT) flat that has been granted conservation status by URA.

Built in the 1930s, this SIT flat comprises of residences and shophouses, displaying art-deco style elements. Recently renovated, the shop unit comes with a storeroom and toilet. It offers parking in front of the main entrance as well as behind the block. The shop is situated opposite Tiong Bahru Market and Food Centre, and is within walking distance of the Havelock MRT Station on the Thomson-East Coast Line.

The area is known to boast high footfall among locals and tourists, yet shops are rarely put up for sale. Most owners prefer to hold them tightly for investment or owner occupation. The last transaction for a similar property in the estate was in July 2021, when a 1,044 sq ft shop “a few doors away” from 71 Seng Poh Road changed hands for $3.2 million.

Residents of Lumina Grand EC CDL can look forward to having direct links to major hubs throughout the city via public transport, allowing them to commute to their destinations more easily and quickly.

You will have until Nov 29 at 3pm to submit your bid for this retail property. A great opportunity to invest in an area known for its historic charm if you’re lucky enough to win the bid!

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