A unique opportunity has arisen for buyers looking to invest in the prime location of Owen Road. Two freehold shophouses, located at 144 and 146 Owen Road, are now available for sale through an expression of interest (EOI) exercise with a guide price of $9.8 million. These adjoining units sit on a land area of 2,341 sq ft, zoned for “residential with commercial at first storey”.
The two-storey shophouses are complete with attics, offering a generous gross floor area (GFA) of approximately 4,738 sq ft. This translates to a guide price of $2,068 psf on the existing GFA. Presently, the ground floor of 146 Owen Road is occupied by a gym, while a co-living operator manages nine residential rooms across the upper levels of both shophouses.
According to CBRE, the appointed marketing agent for the shophouses, there is an unutilised GFA of about 2,285 sq ft based on the land’s …
