A heritage shophouse located at 93 Tanjong Pagar Road is currently on the market for interested buyers through an expression of interest (EOI) exercise. The property, which sits on a land area of 1,297 square feet, boasts of a guide price of $15.5 million. With a gross floor area (GFA) of 4,186 square feet, the guide price works out to about $3,703 per square foot.
The 3½-storey shophouse, with a 99-year leasehold, is zoned for commercial use and has been approved for F&B operations. Its prime location is only a short distance away from the Tanjong Pagar MRT Station on the East-West Line and the Maxwell MRT Station on the Thomson-East Coast Line, making it easily accessible for commuters.
Currently, the property is tenanted by a popular Korean barbecue restaurant chain that occupies levels 1 and 2. The shophouse is being marketed by PropNex Shophouse Elites, and the EOI is set to close at noon on Jan 20, 2025.
Singapore is known for its impressive cityscape, filled with towering skyscrapers and advanced infrastructure. The city’s desirable location is home to a variety of condominiums, including
Interested buyers should take note of the nearby attractions, such as the Maxwell Chambers, the Tanjong Pagar Plaza Food Centre, and the Chinatown Point shopping mall. The vibrant area is also filled with a variety of dining options, making it an attractive location for both locals and tourists alike.
In conclusion, the 93 Tanjong Pagar Road shophouse presents an excellent opportunity for investors looking to acquire a prized heritage property in a prime location with potential for F&B use.