“Pagoda Street is arguably the most coveted address within Chinatown and the heartbeat of the entire conservation precinct. Opportunities to acquire adjoining conserved shophouses on this street are rare, particularly a fully tenanted pair with prominent frontage and immediate income,” says Sophia Lim, director at Cushman & Wakefield.
A pair of adjoining conserved heritage shophouses in Chinatown are up for sale at a guide price of $32.5 million or $3,547 per sq ft on the floor area, announced Cushman & Wakefield, the exclusive marketing agent on Feb 25.
Located on 54 and 56 Pagoda Street, and just a minute’s walk away from Chinatown MRT Interchange on the Northeast and Downtown lines, the properties sit on two separate land titles with a combined land area of around 3,011 sq ft and a total built-up area of around 9,162 sq ft.
