Two conservation shophouses at 6 and 7 Perak Road have been released for sale via tender with a guide price of $13 million. This comes to $2,425 psf on their total floor area, which is a 5,360 sq ft spread across two storeys and mezzanine space. With approval for use as a backpackers’ hostel, this property is located in the Jalan Besar/Little India precinct and is a three-minute walk to the Rochor MRT Station.Given its strategic location in District 8, surrounded by amenities and close to the Bugis area, the properties are well-maintained and require minimal refurbishments, yielding a gross rental yield of more than 3 per cent for the future owner. This makes them an ideal opportunity for hostel operators to take advantage of incoming tourism post-pandemic as well as investors seeking strong rental and capital growth.The 11.4-metre wide frontage along Perak Road also has no buyer’s stamp duty payable with commerical zoning, making this a valuable opportunity in today’s market. The tender closes on May 8 at 3pm and potential buyers are invited to register their interest with the marketing agents at PropNex Shophouse Elites.An opportunity to invest in a valuable asset, this pair of conservation shophouses at 6 and 7 Perak Road is the ideal property for incoming tourists and travellers, thanks to its convenient location and accessible amenities. It is well-maintained and requires minimal refurbishments, yielding a gross rental yield of more than 3 per cent for the future owner. Boasting an 11.4-metre wide frontage and no buyer’s stamp duty with commerical zoning, it is available for sale via tender with a guide price of $13 million. The tender closes on May 8 at 3pm and potential buyers are encouraged to register their interest with the marketing agents at PropNex Shophouse Elites.
