Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
“This rare property provides an opportunity for purchasers to possess a part of limited preservation land in Singapore. The shophouses remain in a historical area, yet measures away from the dynamic metropolitan area of the CBD. Its old-world beauty draws in travelers, whilst the neighboring variety of eateries draw the business crowd and food enthusiasts during the day,” she adds.
The 3 shophouses are totally connected all around their third storey, which has actually been accepted for office space use. The 2nd floors are partially linked and are presently made use of as a fitness and health shop. The ground floor is totally occupant by a mix of F&B shops providing various delicacies, involving Australian and Middle Eastern.
Three connected conserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have been put up for sale by tender for $61.6 million, the real properties’ special advertising and marketing agent Knight Frank Singapore released in a news release on Jan 3.
The real property sits at the limit of the Downtown Core and inside the Telok Ayer Conservation Shophouse enclave. It has actually been carefully conserved to keep its authentic outside architectural attributes, the press launch states.
Stanley Road is positioned at the cross-section of the CBD, and close to well-known destinations including the Chinatown/Outram district, Tanjong Pagar commercial location and Marina Bay. It is just within roaming distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The three-storey shophouses utilize a complete land area of approximately 4,030 sq ft with a built-up location of 10,735 sq ft. They have been zoned for industrial usage under URA’s Master Plan 2019 and are to become marketed together.
Knight Frank Singapore’s executive supervisor of funding industry, Mary Sai, anticipates the building to bring in financiers whose goals are assets preservation, stable recurring earnings and considerable funding appraisal in time.
The tender ends on March 28 at 3pm.