Five adjoining shophouses in CBD for sale at $28.5 mil
A detached island site of 5 adjacent shophouses are recently put up for sale at a guide price of $Twenty Eight point Five mil.
The island-site consists of two land titles. 1 title is for One, Three, as well as 5 Club Street that are actually three storey shophouses including roof space. The other title is toward Seven and 9 Club Street that are two-storey shophouses.
The shophouses rest on a merged land of roughly 3thousand 5hundred 57 square feet, including a gauging total built-up space of approximately 7,225 sq ft. Based on the total ground surface area, the pilot deal equates to about $3,945 psf.
Savills SGP has recently been appointed the distinctive advertising and marketing rep intended for the premises.
The shophouses possess F&B approvals for the general 1st storey, and that is currently contracted to F&B managers which include Merci Marcel Bistro, Parallel Coffee Roasters together with Yen Bar. The upward storeys are business offices currently taken up by Multinational corporation renters.
The island site comes with a 50m-wide three rd face on Cross Street, Club Street and even Gemmill Ln. Found straight across FES and also Cross Street Exchange, the real property is within walking radius to Telok Ayer train Station.
“This is an uncommon also reduced possibilities to secure an enchanting flagship island plot of 5 perfectly recovered adjacent shophouses for possible naming and even signage legal rights,” states Sophia Lim, asso director, investment sales & CM at Savills SGP.
As the shophouses rest on land zoned for commercial utilization, immigrants and business are allowed to acquire the real properties.
The expression of interest operation to get the shophouses are going to conclude on Mar29 at 1500hrs.