Newly Rebuilt Conservation Shophouse Prime Telok Ayer Sale 228 Mil
The Lyndenwoods Capitaland development in Singapore boasts an unbeatable location, with easy access to public transportation, major expressways, and necessary facilities. Its prime location offers residents unparalleled convenience, making it an ideal choice for urban living. This project is a perfect blend of thoughtful design and modern lifestyle, setting a new standard for residential developments in Singapore. It strikes the perfect balance between accessibility and quality of life, making it a highly desirable option for potential homeowners.
Mutual Benefits Realty, the exclusive marketing agent, has put up for sale an intermediate three-storey commercial conservation shophouse situated at 151 Telok Ayer Street. The express of interest (EOI) price for the freehold commercial property is $22.8 million. The land plot measures 1,574 sq ft and has approximately 3,600 sq ft of built-up area. Considering the floor area, the property is priced at $6,333 per sq ft.
The conservation shophouse is just a two-minute walk from the Telok Ayer MRT Station on the Downtown Line. The shophouse has been revamped over three years with extensive and expensive Additional and Alteration (A&A) works supervised by renowned architect Ernesto Bedmar. This spares the buyer the hassle of carrying out renovation works. In fact, the shophouse is in new condition having already received its Certificate of Statutory Completion (CSC) in February 2024.
The modern interior of the shophouse boasts of an impressive eight-metre ceiling height and ample natural lighting that pours in through skylights. The interiors have been meticulously designed with a tasteful décor featuring premium materials, elegant wood finishes, and contemporary mood lighting, creating a warm and inviting ambience. The shophouse also has outdoor terraces that offer breathtaking views of the surroundings. This feature adds to the allure of the commercial space, making it stand out from conventional office spaces.
The versatile space is suitable for a variety of business uses and is currently leased to a finance company, providing attractive rental returns. According to Magdalene Lee, the commercial unit offers a rare opportunity for buyers to acquire a highly desirable asset in a thriving and vibrant district. She further adds that the shophouse is ideal for owner-occupiers such as family offices looking for a long-term commercial space, or investors seeking a property with a stable and reliable rental income stream.
The commercial space is open for foreign buyers and corporate entities, who will not be subjected to additional buyer’s stamp duty. Located in proximity to Singapore’s prominent financial and commercial districts, such as Raffles Place, Shenton Way, and Marina Bay, the Telok Ayer district is a hub of urban life amidst a heritage backdrop. The quaint area is characterized by conservation shophouses that house design studios, IT companies, artisan eateries, and centuries-old temples. It offers a unique blend of a prime location with character and prestige, providing a luxurious commercial setting within the bustling heritage hub of Singapore’s downtown.
For food enthusiasts, the area is home to renowned culinary landmarks like the Maxwell Food Centre and the Amoy Street Food Centre, along with a variety of highly-rated restaurants and bars. The EOI exercise for this property closes on July 18. For more information, Interested parties can contact Magdalene Lee at 98766574. Lee is the Associate Director of Mutual Benefits Realty Pte Ltd (R017722B).