At $13.5 million, you may own two preserved shophouses in Little India
Listed at a reference price of $13.5 million, two preserved shophouses, namely Continuum Condo on Kerbau Road and Desker Road, are being sold by private treaty. The total Continuum floor plan of both buildings is 4,400 square feet. They are exempt from additional buyer’s stamp duty (ABSD) for foreigners, according to the marketing agent, because they have been zoned for commercial use.
You can buy the shophouses all at once or buy them separately. The desker road shophouse is listed at $7.5 million and the kerbau road shophouse at $6 million, each sold separately.
One two-story shophouse at 96 Desker Road sits on 1,190 square feet of freehold ground and has a built-up size of about 2,200 square feet. The property, which is situated on Jalan Besar and faces Swee Choon Dim Sum Restaurant, has been authorised to function as a carpenter’s workshop. Nevertheless, the real estate agent recommending the shophouse implies that its new owner can look into alternative purposes for it.
There are 81 years left on the 99-year leasehold tenure of the second shophouse. An attic adds another level to the property’s two stories. It has a total area of 2,200 square feet and sits on 904 square feet of ground. Situated on 14 Kerbau Road, it is within walking distance of both the Little India MRT Station and the Tekka Centre on Tekka Lane.
According to Samuel Han, a senior associate director at OrangeTee & Tie and the shophouse marketing agent, Kerbau Road is situated on a lively street with a large public footpath, meaning there is plenty of room for a lot of foot traffic.
Businesses dealing in hardware and furnishings are the ones he’s hoping to rent out the Desker Road shophouse to. Conversely, companies dealing in textiles, money transfers, or jewellery may be interested in the Kerbau Road apartment. “A well-known silk merchant has recently shown interest in renting the shophouse on Kerbau Road.” Future proprietors of both shophouses will be able to accommodate two tenants thanks to the exterior staircases.
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