Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
The three-storey shophouses utilize a full land area of about 4,030 sq ft with a built-up area of 10,735 sq ft. They have actually been zoned for business use under URA’s Master Plan 2019 and are to be offered together.
The 3 shophouses are fully linked all around their 3rd storey, which has actually been authorized for office usage. The 2nd floors are in part connected and are presently utilized as a fitness and health studio. The ground storey is fully tenanted by a mix of F&B outlets providing numerous delicacies, including Australian and Middle Eastern.
“This rare real estate provides a chance for shoppers to own and operate a part of limited preservation land in Singapore. The shophouses are in a traditional place, yet moves away from the bustling metropolis of the CBD. Its old-world beauty attracts tourists, whereas the close-by myriad of eateries pull the business group and food lovers within the day,” she includes.
The real property sits at the limit of the Downtown Core and in the Telok Ayer Conservation Shophouse territory. It has been carefully preserved to keep its genuine exterior constructive elements, the media release says.
Stanley Road is situated at the cross-section of the CBD, and nearby well-known tourist attractions such as the Chinatown/Outram precinct, Tanjong Pagar commercial area and Marina Bay. It is within just strolling proximity from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The tender concludes on March 28 at 3pm.
Knight Frank Singapore’s executive director of capital markets, Mary Sai, assumes the property to bring in financiers whose objectives are assets maintenance, steady recurring earnings and significant capital appreciation gradually.
Three linked 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 real properties’ special promotion representative Knight Frank Singapore announced in a news release on Jan 3.