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Press photo / (CBRE)

3-storey shophouse with rear extension in Boat Quay Precinct up for sale

The indicative guide price for the property is $23.65m.

45 Hongkong Street, a three-storey shophouse with a six-storey rear extension, has been launched for sale.

CBRE, the property’s sole agent, said the indicative guide price for the asset is $23.65m,approximately $3,200 per square foot. 

Foreign buyers can purchase the investment opportunity without additional buyer's stamp duty or seller's stamp duty implications.

Interested buyers can participate via expression of interest exercise, closing on 20 March at 3 p.m.

Located in the Boat Quay area of District 1, 45 Hongkong Street occupies a land space of about 1,659 square feet (sq ft), boasting a total floor area of around 7,391 sq ft. The property features modern interiors, efficient floor plates, and a passenger lift servicing all floors.  The ground floor hosts a Japanese izakaya, whilst the upper levels accommodate a hair salon and office spaces.

With a "commercial" zoning designation and a gross plot ratio of 4.2, the property is ideal for commercial use under the URA Master Plan 2019.

“45 Hongkong Street presents an exceptional opportunity to acquire a charming shophouse in prime District 1 that will especially appeal to investors looking for stable income-generating heritage assets," said Clemence Lee, executive director of Capital Markets, Singapore at CBRE.
 

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