The trio of 999-year conservation shophouses at 209, 211, and 213 Jalan Besar presents a prime opportunity for investors, listed for sale at $42 million. With a combined land area of 5,646 square feet and a total floor area of 14,262 square feet, the offering equates to approximately $2,945 per square foot. This sale is particularly noteworthy due to the unique characteristics of each property and their strategic location within the Desker Road conservation area.
At 209 Jalan Besar, the three-storey corner shophouse is designed with versatility in mind. The first and second floors have restaurant approval, making it an attractive option for food and beverage businesses seeking a bustling urban setting. Meanwhile, the mezzanine and third floors are designated for office use, providing ample space for professional services. This dual-functionality enhances the property’s appeal, as it can cater to both retail and office needs, capitalizing on the vibrant foot traffic of the area.
In contrast, the two-storey shophouse at 211 Jalan Besar has its first floor leased to a retail shop, ensuring immediate rental income for potential buyers. The upper floors are utilized as office spaces, which is a common trend in urban areas where mixed-use developments are becoming increasingly popular. This shophouse presents a stable investment opportunity, given its current lease arrangement, as well as the potential for future appreciation in value as demand for commercial space continues to grow.
The shophouse at 213 Jalan Besar stands out with its ground floor featuring temporary approval for massage and spa services, valid until January 2027. This unique offering aligns with the increasing popularity of wellness services in urban environments. The upper three floors are leased for office use, further diversifying the income streams of this property. The combination of retail and wellness services on the ground floor, coupled with office space above, positions this property as a multifaceted asset for investors.
All three shophouses benefit from significant street frontages, enhancing their visibility and accessibility. The Desker Road conservation area is poised for increased demand, particularly with upcoming residential developments nearby.
This influx of potential residents is likely to boost foot traffic, making the properties even more appealing to businesses. Investors are expected to recognize the long-term potential of these shophouses, as the synergy between residential and commercial spaces often leads to thriving local economies.
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The project is strategically located in a vibrant area, expected to draw interest from both homeowners and investors due to rising rental prices and the influx of upcoming residential projects nearby.
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News Source: Edgeprop
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