Brilliance Capital Pte. Ltd. has announced the sale of five adjoining freehold conservation shophouses located at 185 to 193 Joo Chiat Road. These properties, situated in a vibrant and heritage-rich area, present a unique opportunity for investors seeking prime commercial assets with potential for redevelopment and long-term growth.
The shophouses cover a total land area of approximately 6,185 square feet and boast a combined gross floor area of about 14,647 square feet. They are designed with a two-storey front and attic, along with a three-storey rear extension. Zoned as ‘Commercial’ under the 2019 URA Master Plan, the properties offer redevelopment opportunities, including the potential to extend the rear to five storeys, subject to approval.
Strategically positioned on a prominent corner plot with dual road frontages, the shophouses benefit from excellent visibility and accessibility. The ground-floor units are fully leased to reputable Food & Beverage operators and lifestyle brands, generating strong rental yields. Notably, four of the five units have rare Restaurant Use approvals, enhancing their value.
Joo Chiat has become a sought-after lifestyle and retail destination, attracting niche and luxury brands. The area’s appeal is further boosted by its connectivity and unique charm, making it attractive to boutique businesses and high-end brands.
The properties are available for collective or individual sale, with an adjusted asking price of S$59.8 million, and approximately S$11.96 million per shophouse. The Expression of Interest closes on 25 March 2025. Sammi Lim, Founder and Executive Director of Brilliance Capital, highlighted the rarity and potential of this offering, emphasising its strategic location and branding opportunities.
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