Two sets of Tg Katong shophouses for sale
A pair of freehold four-storey shophouses at Tanjong Katong Road, owned by a family trust, has been launched for sale by public tender. The owner is seeking offers in the region of $10-12 million for the plot of land which measures 3,811 square feet with a total gross floor area of 11,046 sq ft.
Located within the gazetted Tanjong Katong Conservation
area, the properties consist of two units of retail shops on the ground floor
and six units of apartments on the upper floors.
Tanjong Katong was given conservation status on Dec 1, 2003, and is characterised by the ornate late style and the more geometric art deco style shophouses together with the more streamlined modern style shophouses built after World War II.
Tanjong Katong was given conservation status on Dec 1, 2003, and is characterised by the ornate late style and the more geometric art deco style shophouses together with the more streamlined modern style shophouses built after World War II.
The subject site is zoned Residential with Commercial on the
first storey and has a gross plot ratio of 3.0.
The properties are currently fully tenanted with estimated
total gross monthly rental revenue of $18,350.
The tender for the subject properties closes on Nov 2, 2012
(a Friday), at 2.30pm.
Source: Business Times – 16 October 2012