Newly Rebuilt Conservation Shophouse Prime Telok Ayer Sale 228 Mil
Mutual Benefits Realty is pleased to offer for sale an intermediate three-storey commercial conservation shophouse located at 151 Telok Ayer Street. The property, priced at $22.8 million, is available for purchase through an expression of interest (EOI) and is exclusively marketed by Magdalene Lee.
Situated on a freehold land plot spanning 1,574 sq ft, the commercial shophouse boasts approximately 3,600 sq ft of built-up area. Based on floor area, the property is being offered at a price of $6,333 per square foot.
Conveniently located just a two-minute walk from Telok Ayer MRT Station on the Downtown Line, this conservation shophouse has undergone extensive multimillion-dollar Additional and Alteration (A&A) works over a span of three years. These works were spearheaded by renowned architect Ernesto Bedmar and have resulted in a brand new condition for the property. The shophouse has obtained its Certificate of Statutory Completion (CSC) in February 2024, saving potential buyers the hassle of undertaking any renovation works.
Featuring a modern and sleek façade, the shophouse boasts an impressive eight-metre ceiling height and an abundance of natural lighting streaming in from skylights. The interior showcases meticulous design, with a well-curated selection of premium materials, contemporary mood lighting, and elegant wood finishes. This creates a warm and inviting ambience throughout the space.
The property also includes outdoor terraces, allowing occupants to observe the surrounding neighbourhood. This unique feature adds to the charm of the commercial space, making it stand out from more conventional office spaces.
The versatile layout of the property makes it suitable for various business uses, offering a practical yet comfortable environment. Currently, the entire shophouse is leased to a finance company, providing attractive rental returns.
According to Magdalene Lee, “This commercial unit presents an exceptional opportunity for buyers to acquire a highly sought-after asset in a thriving and vibrant district.” She also notes that the property is perfect for owner-occupiers such as family offices seeking a long-term space for their business, as well as investors looking for a stable and reliable rental income stream.
The property is available for purchase by both foreign buyers and corporate entities without incurring additional buyer’s stamp duty.
Located in the bustling district of Telok Ayer, the property is adjacent to Singapore’s key financial and commercial hubs, including Raffles Place, Shenton Way, and Marina Bay. The area offers a unique blend of urban life and heritage, with conservation shophouses housing design studios, IT firms, artisan eateries, and centuries-old temples.
Combining an exceptional location with prestige and character, this shophouse offers a luxurious commercial setting within the vibrant heritage hub of Singapore’s downtown. For food enthusiasts, the area also boasts popular culinary landmarks such as the iconic Maxwell Food Centre and Amoy Street Food Centre, along with an array of highly rated restaurants and bars.
The EOI exercise for this property will end on July 18. For more information, interested parties can contact Magdalene Lee at 98766574 or email her at magdalenelee1234@gmail.com.
In addition to the bustling hawker centres, Queenstown boasts an increasingly diverse range of cafés and restaurants. This is evident in the nearby Dawson estate, where a number of trendy cafés and bistros have sprouted up, offering a variety of specialty coffees, brunch options, and fusion dishes. Popular destinations such as Tiong Bahru Bakery Safari, The Food Barn, and Creamier have become magnets for the younger crowd and working professionals seeking laid-back yet stylish hangouts. These cafés not only expand the dining options for residents but also contribute to the lively lifestyle scene in the neighborhood. From indulging in a weekend brunch to grabbing a quick cup of coffee, residents of Penrith can easily find cozy spots to relax and unwind. Don’t forget to check out the Penrith Hong Leong for more information.
Magdalene Lee | 98766574
Associate Director (R017722B)
MUTUAL BENEFITS REALTY PTE. LTD.