Tras Street conservation shophouse for sale for $22 million

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The 99-year leasehold storehouse at 70 Tras Street is on the market with a suggested price that is $22million. Huttons Asia is the appointed marketing agent. The property is expected to be sold during an exercise of expressions of interest which will close on September 18.

The 3 1/2-storey commercial shophouse is located on a 1,996 sq feet lot with an 5.5m frontage. The three floors as well as the mezzanine comprise a total floor space of 5 689 square feet. The shophouse has “an well-designed floorplate that is efficient, a good ceiling height, and efficient floor-to-ceiling space plan” Suzie Mok, project lead for 70 Tras Street. Suzie Mok, the lead for the project of 70 Tras Street.

“The cost of this extraordinary property is around $22 million which is approximately $3,867 per square foot on the gross floor space of 5,690 square feet. It is priced well considering the many advantages it has,” she says. The shophouse is leased out completely and is to be sold in conjunction by letting existing tenants She adds.

The area has several parking spaces on-site It is also near 2 MRT stations, specifically Tanjong Pagar Station on the East-West Line and Maxwell Station on the Thomson-East Coast Line.