Three conservation shophouses at 209, 211, and 213 Jalan Besar are currently on the market for a combined total of $42 million. These properties, which are situated in a bustling area poised for further development, represent a significant investment opportunity.
With a combined land area of 5,646 square feet and a total floor area of 14,262 square feet, the shophouses are priced at approximately $2,945 per square foot, underscoring their potential appeal to investors looking for properties in a rapidly evolving urban landscape.
The shophouse at 209 Jalan Besar stands out as a three-storey and mezzanine corner unit, which is particularly attractive due to its restaurant approval for the first and second floors. This provision allows for culinary ventures, catering to the growing demand for dining establishments in the area.
The upper levels are designated for office use, providing flexibility for a variety of business operations. This versatile setup makes the property not only suitable for hospitality endeavors but also for professionals seeking office space in a vibrant locale.
Adjacent to it, 211 Jalan Besar features a two-storey layout. The first floor is currently leased to a retail shop, enhancing its revenue-generating potential.
The upper floors are utilized for office purposes, making this shophouse a well-rounded option for investors who appreciate a blend of retail and professional space. The presence of established businesses in the vicinity boosts foot traffic, which is crucial for retail success, while the office spaces cater to the needs of local professionals.
The third property, 213 Jalan Besar, adds another layer of appeal with its ground floor having temporary approval for a massage and spa operation until January 2027. Such amenities are increasingly sought after in urban settings, aligning with modern lifestyle trends that prioritize wellness.
The upper floors of this shophouse are designated for office use, similar to the other two properties, further emphasizing the versatility that these shophouses offer.
These three shophouses collectively represent a unique opportunity for savvy investors. The combination of commercial and office spaces allows for diverse income streams, while their conservation status preserves the historical character of the area, attracting both residents and tourists.
The strategic location on Jalan Besar, a thoroughfare known for its mix of traditional and contemporary businesses, enhances the shophouses’ marketability.
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News Source: Edgeprop
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