Standalone shophouse block at Sultan Gate sold for S$20.8m
Price works out to S$2,618 psf based on floor area; buyer plans to operate its own F&B outlet on lower level
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
A FREEHOLD standalone shophouse block along Sultan Gate in the Kampong Glam area has just been awarded for S$20.8 million following an expression of interest exercise that closed recently.
Located near the corner of Sultan Gate and Pahang Street, the cluster of shophouses bears three addresses - Nos 32, 34 and 34A Sultan Gate. The part two-storey and part one-storey property is on a single land lot of 7,401 sq ft zoned commercial. The entire property is currently tenanted to a bistro operator at a monthly rent of S$40,000 under a lease that expires in September.
Copyright SPH Media. All rights reserved.
