Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
The 3 shophouses are totally connected throughout their third floor, which has actually been accepted for workplace usage. The 2nd floors are partly attached and are presently made use of as an exercise and wellness studio. The ground storey is totally lessee by a mix of F&B outlets supplying various delicacies, including Australian and Middle Eastern.
The tender ends on March 28 at 3pm.
The three-storey shophouses utilize a complete acreage of about 4,030 sq ft with a built-up area of 10,735 sq ft. They have actually been zoned for commercial usage within URA’s Master Plan 2019 and are to become offered jointly.
Knight Frank Singapore’s executive director of funding industry, Mary Sai, expects the building to draw in investors whose purposes are wealth maintenance, steady recurring revenue and substantial capital appreciation gradually.
“This unusual real estate presents a chance for customers to possess a portion of restricted preservation land in Singapore. The shophouses are in a traditional location, yet moves away from the dynamic metropolis of the CBD. Its old-world charm draws in travelers, whereas the nearby myriad of dining establishments pull the office crowd and food fans throughout the day,” she incorporates.
Three interconnected saved shophouses at 4, 5 and 6 Stanley Street in Chinatown, prime District 1, have recently been offered by tender for $61.6 million, the properties’ special promotion agent Knight Frank Singapore announced in a press release on Jan 3.
Stanley Street lies at the cross-section of the CBD, and near widely known attractions including the Chinatown/Outram precinct, Tanjong Pagar business area and Marina Bay. It is within strolling distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The real property rests at the limit of the Downtown Core and within the Telok Ayer Conservation Shophouse territory. It has been meticulously preserved to retain its authentic outside building attributes, the press launch states.
