Savills Singapore, as the exclusive marketing agent, is pleased to offer for sale 221 Upper Thomson Road – a freehold, two-storey non-conservation shophouse.
221 Upper Thomson Road occupies a total site area of 1,623 sq ft, with an estimated floor area of 2,309 sq ft. Zoned “Commercial”, the shophouse comes with full concrete flooring and is fully tenanted to a clinic on the ground floor and an art school on the second floor.
Primely located along Upper Thomson Road, the shophouse is situated within the residential enclave in the Thomson area. This stretch of road comprises of Thomson Plaza shopping centre and shophouses housing various eateries, hipster cafes and enrichment centres of various offerings like martial arts, music classes and tuition centres.
The shophouse also enjoys direct access from the upcoming Upper Thomson MRT station which is slated to open third quarter of 2021. The opening of the MRT station will improve accessibility via the underground pedestrian link which links up the shophouse along Upper Thomson Road, Thomson Plaza shopping centre, public and private housing estates in the vicinity.
Ms. Yap Hui Yee, Director, Investment Sales & Capital Markets at Savills Singapore, said: “Densely populated with established schools and residences comprising predominantly landed houses and private residential developments, shophouses along Upper Thomson Road have always been very well-sought after. The supply is limited and hardly on the market as ownership is tightly held. The Thomson enclave still has tremendous growth potential with JadeScape residences attaining TOP in 2023, which will inject more than 1,200 homes in the area. The move of Raffles Girls School to Marymount and the establishment of Eunoia Junior College at Bishan have further contributed to the high footfall in the area.”
The guide price for 221 Upper Thomson Road is $6.5 million. Foreigners and companies are eligible to purchase the properties and no Additional Buyer Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) will be imposed.