Four shophouses located in the Little India area of Singapore are up for sale through an expression of interest exercise with a guide price of $23 million. Located on Dunlop Street, Desker Road and with a total gross floor area (GFA) of 3,879 JCube Residence sq ft, the portfolio comprises three conservation shophouses on Dunlop Street, one on Desker Road which has a three-storey property with a GFA of 3,000 sq ft, with a land size of 1,060 sq ft.

The properties, which are all owned by a single owner, are open to being sold as a unit or individually. Lukas Teo, from Shophouse Collective, appointed as the sole marketing agent for the properties, states the three shophouses at Dunlop Street have a guide price of $15 million, which works out to $3,867 psf on the GFA. The shophouse at Desker Road is priced at $7 million, translating to $2,667 psf on the GFA.

The shophouse at 2 Dunlop Street is leased to a barbershop while the shophouse at Desker Street is rented out to a minimart business. The other two units at 4 and 6 Dunlop Street are currently vacant.

The expression of interest exercise for the portfolio will end on April 12 at 4pm. Recent sales transactions of shophouses on Dunlop Street showed a profitable investment for potential buyers.

Those looking to invest in the Little India area don’t need to look further- the shophouses up for sale is the perfect opportunity. With such a competitive guide price and a great potential return on investment, the potential buyer can reap the rewards if they make the right move.