Located in the heart of Chinatown, this rare 3-storey conservation shophouse presents an excellent opportunity for investors seeking stable rental income in a highly sought-after heritage enclave.
Investment Highlights:
- Selling Price: $9.4M
- Tenanted at: $19,000/month
- Lease secured till: May 2028
- Immediate rental income from day one
Property Details:
- 3-storey conservation shophouse
- Land size: approx. 103.6 sqm
- Estimated ~900 sqft per floor
- Total built-up: ~2,800 sqft (approx.)
- Well-maintained unit with upgraded air-conditioning
Why This Property:
- Prime location within Outram (District 1)
- Strong tenant demand in Chinatown / CBD fringe
- Surrounded by vibrant F&B, offices and tourist traffic
- Walking distance to Chinatown MRT Station and Maxwell MRT Station
Investor Appeal:
- Stable and predictable income stream
- Limited supply of conservation shophouses in this precinct
- Ideal for long-term hold with upside potential
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