A two-storey shophouse with an attic situated at 209 Jalan Besar is currently being offered for sale through private treaty. Gracelynn Zhu, of the PropNex Shophouse Elites team, is the marketing agent for this 999-year leasehold property, which is being priced at “below $20 million”.
The shophouse spans a total area of approximately 5,502 sq ft and is designated for commercial use. The first floor is approved for a restaurant while a portion of the second floor also allows for restaurant usage. With a price tag of $20 million, the psf price for this property works out to $3,635 on the floor area.
The location of 209 Jalan Besar can be seen on the map (Source: EdgeProp LandLens). Zhu mentions that this shophouse is currently undergoing asset enhancement initiatives (AEI), which includes the installation of micro piles. These piles extend 30m and serve to improve the property’s structural foundations. The AEI is expected to be completed by the end of this year.
This shophouse is situated in the Desker Road Conservation Area, within District 8 and in close proximity to Little India. The Jalan Besar MRT Station, which is part of the Downtown Line, is just a short walk away.