Shophouse 71 Tras Street for sale at $15.2m

The property has a rental yield of 2.5% and is fully leased.

71 Tras Street, a conservation shophouse in the Central Business District, is for sale via tender for a starting price of S$15.2m or S$3,300 per square feet (PSF) in floor area, its exclusive marketing agent PropNex Realty said.

Situated along the Tanjong Pagar enclave, the property has a land area of 1,684 square feet (sqft) and a build-up area of 4,606 sqft. It is zoned for commercial use and is fully leased to multiple tenants, including a chiropractic clinic on the ground floor. Currently, it has a rental yield of 2.5%. 

The property is also near two MRT stations, Tanjong Pagar and Maxwell.

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No Additional Buyer Stamp Duty is payable, and foreigners and corporate entities are eligible to purchase. 

Loyalle Chin, director of PropNex ShophouseHuat noted that the property is “extremely rare to collect” given its location and its enticing 2.5% rental yield.

“With the urban rejuvenation of Tanjong Pagar, 71 Tras Street presents an appealing opportunity for investors to acquire a prime CBD shophouse with immediate rental yield,” Chin added.

The tender exercise for 71 Tras Street will close at 3PM on Wednesday, 28 February 2024.