09 November 2021 – Savills Singapore, as the exclusive marketing agent, is proud to offer for sale 57 Duxton Road – a prime CBD commercial shophouse with ground floor F&B approval.
57 Duxton Road is a three-storey conservation shophouse with attic level situated in the Tanjong Pagar financial district. The shophouse sits on a land area of approximately 1,144 sq ft, with an estimated built-up area of approximately 3,407 sq ft.
Zoned “Commercial”, the ground floor unit of the property is tenanted by an F&B operator while the upper floors consist of office spaces often occupied by multinational corporations and SME setups that wish to be located in the CBD. The “Commercial” zoning of the property also presents the flexibility for multiple potential usages such as healthcare / medical, fitness centre, family office, F&B, shops etc, subject to the authorities’ approval.
Conveniently situated between the Duxton Hill and Keong Saik F&B enclave, the shophouse enjoy excellent accessibility with Tanjong Pagar MRT, Outram Park Interchange and the upcoming Maxwell MRT station within a few minutes’ walk. Popular establishments in the immediate vicinity include Shake Shack, The Working Capitol, and Mondrian Singapore, the upcoming luxury lifestyle hotel comprised of 300 guestrooms.
Ms. Yap Hui Yee, Director, Investment Sales & Capital Markets at Savills Singapore,said: “This is a rare opportunity for buyers to purchase an exquisite heritage shophouse in an exciting, fast-growing and charming enclave. Given that the precinct is still undergoing urban rejuvenation, this presents an exceptional value-add opportunity for the buyer to explore various potential uses for the shophouse and ride on the growth and transformation of the precinct.”
The guide price for 57 Duxton Road is $8.9 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.
The sale will be conducted through an Expression of Interest exercise which closes on Tuesday, 10 December 2021, Friday at 3pm.