2nd floor of a freehold shophouse in Lorong Mambong up for sale via EOI

The property has a guide price of $9.6m.

The second floor of a two-storey freehold shophouse unit at 31A Lorong Mambong has been launched for sale for a guide price of $9.6m or $4,200 psf on the existing strata area.

CBRE, the property’s marketing agent, will conduct the sale via an expression of interest (EOI), which will close on 8 February at 3 p.m.

The property is zoned commercial and is open for sale to local and foreign buyers with no ABSD or SSD imposed on the purchase.

The asset has a dual frontage spanning about 33 m across Lorong Mambong and a service lane. It has a strata area of 2,293 sq ft and is presently tenanted by a gym/fitness chain.

Buyers can potentially convert the property into a nightclub, bar, or restaurant with live music performances, a hotel, a serviced apartment, or a backpackers hostel.

Located in District 10, it is near Holland Village MRT, a bus stop along Holland Road, Pan-Island Expressway (PIE), and Ayer-Rajah Expressway (AYE).
It is also near F&B establishments such as Little Farms Market, Crystal Jade, Bird of Paradise, Lola’s, Tai Cheong Bakery, and Two Men Bagel House.