Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
The three-storey shophouses occupy a complete acreage of about 4,030 sq ft with a built-up spot of 10,735 sq ft. They have actually been zoned for industrial usage within URA’s Master Plan 2019 and are to be offered together.
The real estate rests at the limit of the Downtown Core and in just the Telok Ayer Conservation Shophouse territory. It has actually been very carefully saved to preserve its original surface building attributes, the media release says.
Stanley Road is located at the cross-section of the CBD, and close to widely known tourist attractions including the Chinatown/Outram district, Tanjong Pagar business area and Marina Bay. It is just within roaming distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The tender ends on March 28 at 3pm.
“This unusual estate offers a chance for purchasers to own and operate a piece of minimal preservation land in Singapore. The shophouses remain in a historical place, yet moves away from the busy city of the CBD. Its old-world charm brings in visitors, while the nearby range of restaurants pull the office group and food lovers within the day,” she incorporates.
Knight Frank Singapore’s managing supervisor of funding markets, Mary Sai, anticipates the building to bring in investors whose goals are money preservation, stable reoccuring revenue and substantial funding appraisal in time.
Three connected saved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have recently been offered by tender for $61.6 million, the real properties’ special advertising and marketing broker Knight Frank Singapore announced in an announcement on Jan 3.
The 3 shophouses are totally connected across their third floor, which has been accepted for office usage. The second floors are partially connected and are currently utilized as a fitness and wellness center. The ground storey is completely occupant by a mix of F&B outlets supplying numerous cuisines, consisting of Australian and Middle Eastern.
