For Immediate Release, 2008-06-02
by Seah Li Ching
Colliers International, Singapore
International property consultant, Colliers International will be putting up for sale by tender a row of freehold refurbished double-storey conservation shophouse development located at 32/34/34A Sultan Gate.
The tender is slated to close on July 1, 2008.
Sitting on a 7,401 sq ft site that is regular in shape, the shophouse development has a floor area of approximately 7,944 sq ft and is currently occupied by a single tenant.
Under the 2003 Master Plan, the subject property, which is located in the Kampong Glam Conservation area, is zoned for “Commercial” use.
Mr Ho Eng Joo, Executive Director of Investment Sales at Colliers International, says, “Indicative price for the subject property is in the region of S$10 million. The subject property is ideal for investors or owner occupiers who are looking for space near the Central Business District to set up shops or offices. Alternatively, the property is also suited for food and beverage establishments.”
Located along the fringe of the CBD, the subject property is within walking distance to the proposed Nicoll Highway MRT station and enjoys easy access to other parts of the island via Nicoll Highway and East Coast Parkway.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,092 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.
Contact Information
Seah Li Ching
Senior Executive, Marketing and Communications
Tel: 65 6223 2323
Direct: 65 6531 8545
Ho Eng Joo
Executive Director, Investment Sales
Tel: 65 6223 2323
Direct: 65 6531 8618
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