Five adjoining shophouses in CBD for sale at $28.5 mil
A detached island-site of 5 neighbouring shophouses are recently put out for sale at a base pricing of $Twenty Eight point Five mil.
The island site contains 2 land titles. 1 title is for One, 3, and also 5 Club Street which are three-storey shophouses by having attic room. The other title is toward Seven plus 9 Club Street in which are two-storey shophouses.
The shophouses remain on a shared land of around Three thousand Five hundred Fifty Seven square feet, including a gauging entire built-up size of about Seven thousand Two hundred Twenty Five square feet. Based upon the whole ground space, the lead price equates to approx $3thousand 9hundred 45 psf.
Savills SGP has already been assigned the exclusive marketing and advertising specialist intended for the real estate.
The shophouses come with F&B validations for the full ground level, which is currently leased contract to F&B owners like Merci Marcel Bistro, Parallel Coffee Roasters along with Yen Bar. The upper floors are offices at this time inhabited by MNC tenants.
The island-site gets a 50m outstretched three roadway face along Cross Street, Club St and even Gemmill Ln. Situated directly across Far East Square as well as Cross St Exchange, the property is within just strolling distance to Telok Ayer MRT Station.
“This is a sparse plus limited chance to purchase an enchanting flagship island-site of five wonderfully restored neighbouring shophouses along with potential naming and signage rights,” mentions Sophia Lim, asso dir, IS & capital mkts at Savills SGP.
Considering that the shophouses rest on land sector for business usage, immigrants including companies are allowed to buy the real properties.
The expression of interest action concerning the shophouses will cease on 29March at 3:00pm.