Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
The three-storey shophouses take up a full land area of approximately 4,030 sq ft with a built-up location of 10,735 sq ft. They have actually been zoned for commercial usage following URA’s Master Plan 2019 and are to become marketed together.
The property rests at the border of the Downtown Core and in just the Telok Ayer Conservation Shophouse territory. It has been meticulously saved to preserve its initial facade constructive attributes, the press launch claims.
Three linked saved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have already been put up for sale by tender for $61.6 million, the commercial properties’ special promotion agent Knight Frank Singapore released in a news release on Jan 3.
Knight Frank Singapore’s managing supervisor of capital markets, Mary Sai, assumes the building to draw in investors whose purposes are wealth maintenance, stable returning income and considerable resources appreciation gradually.
The tender closes on March 28 at 3pm.
Stanley Street is located at the cross-section of the CBD, and close to widely known attractions including the Chinatown/Outram precinct, Tanjong Pagar business location and Marina Bay. It is within strolling proximity from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The three shophouses are completely linked throughout their 3rd floor, which has actually been approved for office use. The second storeys are partly linked and are currently utilized as a fitness and health shop. The ground storey is fully occupant by a mix of F&B shops offering various delicacies, involving Australian and Middle Eastern.
“This rare real estate provides a possibility for customers to possess a portion of limited conservation land in Singapore. The shophouses remain in a historic place, yet moves far from the bustling metropolis of the CBD. Its old-world appeal brings in tourists, whilst the close-by myriad of restaurants draw the business people and food lovers all throughout the day,” she incorporates.
