Five adjoining shophouses in CBD for sale at $28.5 mil
A stand-alone island-site of five neighboring shophouses are recently put up for marketing at a pilot rate of $28.5 mil.
The island position consists of 2 land titles. One title is actually for 1, 3, and 5 Club Street which are actually three-storey shophouses by having attic room. The other title is toward Seven and Nine Club Street that are two-storey shophouses.
The shophouses rest on a combined land of close to Three thousand Five hundred Fifty Seven sq ft, by having an estimated complete developed size of around 7thousand 2hundred 25 square feet. Based on the overall flooring space, the lead price interprets to around $3thousand 9hundred 45 psf.
Savills S’pore has already been selected the unique advertising and marketing professional intended for the real property.
The shophouses come with F&B approvals for the entire base floor, in which is at this time rented to F&B operators namely Merci Marcel Bistro, Parallel Coffee Roasters and also Yen Bar. The higher storeys are office spaces actively utilized by MNC lessees.
The island-site experiences a 50m-wide triple road front view at Cross Street, Club Street as well as Gemmill Lane. Situated straight over Far East Square and Cross Street Exchange, the property is in walking proximity to Telok Ayer Mass Rapid Transit Station.
“This is an uncommon plus minimal possibilities to gain an enchanting flagship island site of five perfectly revitalized adjacent shophouses with possible naming and signage rights,” shares Sophia Lim, asso director, IS & CM at Savills SGP.
As the shophouses remain on land zoned for business use, immigrants also business are allowed to get hold of the premises.
The EOI activity concerning the shophouses will end on 29March at 1500 hrs.