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Kampong Glam shophouse block up for sale

Also for sale are 3 adjoining plots of vacant GCB land along Holland Rise

Published Wed, Mar 26, 2014 · 10:00 PM
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A DETACHED shophouse block at Kampong Glam and three adjoining plots of prime good class bungalow land were put up for sale yesterday by expression of interest.

The freehold shophouse block - comprising three shophouse units of part one-storey and two-storey shophouses at 32, 34 and 34A Sultan Gate - is currently leased to a tenant in the food and beverage industry. The tenant's lease ends in September 2015.

The indicative price for the property, which is zoned for commercial use, is in the region of $28 million, said Cushman & Wakefield and Historical Land, the joint marketing agents for the property.

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