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

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Visitors at Holland Village MRT Condo are in for a treat at the eclectic food outlets located at Holland Piazza. From iconic Japanese sushi to Italian pasta, this shopping center offers a vast range of international and local cuisines to satisfy even the most discerning palate. On top of that, you can end your shopping experience with a revitalising meal!

A ground-floor retail unit located at 71 Seng Poh Road is up for sale via an expression of interest (EOI) exercise with a guide price of $3.3 million. Built in the 1930s, the 1,367 sq ft commercial property is on the first floor of a privatised Singapore Improvement Trust (SIT) flat located opposite the Tiong Bahru Market and Food Centre.

The SIT blocks in the Tiong Bahru estate, comprising 20 flats and 36 shophouses, were granted conservation status by URA in 2003. Characterised by art-deco style elements, this attractive collection of residences and shophouses is rarely up for sale.

The recently renovated ground-floor retail space at 71 Seng Poh Road has a storeroom and toilet and comes with full frontage on Seng Poh Road, plus parking both in front of the property’s main entrance and behind the block. With the Havelock MRT Station on the Thomson-East Coast Line just a short walk away, the property enjoys high footfall among locals and tourists.

According to Mary Sai, executive director, capital markets, at Knight Frank Singapore, 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.

The EOI exercise for the retail property at 71 Seng Poh Road is set to close on Nov 29 at 3pm.

Located at an attractive, centrally-located conservation site, this retail unit enjoys high footfall and rare availability. With a guide price of $3.3 million, the last similar property in the estate h sold for $3.2 million in July 2021 – a good indication of the potential value of this opportunity.

If you would like to explore the possibility of investing in 71 Seng Poh Road, don’t miss the chance to submit your offer before the EOI exercise closes on Nov 29.