Five adjoining shophouses in CBD for sale at $28.5 mil
A stand-alone island position of five neighboring shophouses are put out for purchase at a guide value of $Twenty Eight point Five million.
The island-site contains two land titles. A single title is for One, Three, as well as 5 Club St that are actually three-storey shophouses with roof space. The other title is intended for 7 and also Nine Club Street which are two-storey shophouses.
The shophouses rest on a combined land of around Three thousand Five hundred Fifty Seven square feet, by having an estimated total developed expanse of roughly Seven thousand Two hundred Twenty Five square feet. Based on the total floor surface area, the model value translates to around $3,945 per sq foot.
Savills Singapore has gotten appointed the unique marketing rep for the premises.
The shophouses possess F&B approvals for the general base level, which is currently leased contract to F&B users such as Merci Marcel Bistro, Parallel Coffee Roasters plus Yen Bar. The upward floors are office spaces at this time utilized by Multinational corp occupants.
The island position comes with a 50m vast three roadway front view on Cross Street, Club Street and even Gemmill Lane. Situated straight over Far East Square also Cross St Exchange, the real estate is within just walking distance to Telok Ayer Mass Rapid Transit Station.
“This is an unusual also minimal possibility to acquire a captivating flagship island spot of 5 beautifully revived adjoining shophouses for prospective naming and even signage legal rights,” claims Sophia Lim, asso director, IS & CM at Savills S’pore.
Considering that the shophouses position on land sector for business purpose, immigrants also organizations are eligible to obtain the real properties.
The expression of interest activity to get the shophouses will conclude on 29March at 3pm.