Five adjoining shophouses in CBD for sale at $28.5 mil
A detached island-site of five neighbouring shophouses are recently put out for deal at a base rate of $Twenty Eight point Five mil.
The island-site involves 2 land titles. A single title is actually for One, Three, as well as 5 Club St in which are actually three-storey shophouses with attic. The other title is for 7 and also Nine Club St that are two floor shophouses.
The shophouses lie on a shared land of roughly 3,557 square foot, with an approximation complete built-up expanse of about Seven thousand Two hundred Twenty Five sq ft. Built upon the overall floor area, the guide rate equates to close to $3thousand 9hundred 45 psf.
Savills Singapore has gotten designated the exclusive marketing and advertising representative on behalf of the real estate.
The shophouses include F&B approvals for the whole first floor, and that is already rented to F&B operators such as Merci Marcel Bistro, Parallel Coffee Roasters together with Yen Bar. The higher floors are business offices currently inhabited by MNC occupiers.
The island-site has a 50m-wide three roadway face at Cross St, Club St plus Gemmill Ln. Located directly over FES and also Cross Street Exchange, the real estate is within just walking distance to Telok Ayer Mass Rapid Transit Station.
“This is a rare also small possibilities to obtain a pleasant flagship island-site of five beautifully revitalized adjoining shophouses along with prospective naming and signs legal rights,” shares Sophia Lim, associate dir, IS & CM at Savills SGP.
Considering that the shophouses remain on land sector for commercial utilization, immigrants plus business are eligible to acquire the real properties.
The EOI action to get the shophouses will close on Mar29 at 1500hrs.