Five adjoining shophouses in CBD for sale at $28.5 mil
A free standing island-site of 5 adjoining shophouses are recently up for transaction at a lead rate of $Twenty Eight point Five mil.
The island-site involves 2 land titles. 1 title is for 1, 3, also Five Club St in which are 3 floor shophouses by having attic room. The another title is toward 7 as well as Nine Club St in which are two storey shophouses.
The shophouses sit on a shared land of approx Three thousand Five hundred Fifty Seven square foot, with an approximation total developed expanse of about Seven thousand Two hundred Twenty Five square feet. Depended on the whole ground size, the guide amount interprets to around $3thousand 9hundred 45 per sq ft.
Savills SGP has recently gotten chosen the premium marketing and advertising operator on behalf of the property.
The shophouses include F&B authorizations for the total 1st level, that is presently contracted to F&B owners which include Merci Marcel Bistro, Parallel Coffee Roasters along with Yen Bar. The top storeys are workplaces currently inhabited by MNC lessees.
The island spot comes with a 50m vast three rd frontal along Cross Street, Club Street and even Gemmill Lane. Located directly over FES and also Cross St Exchange, the property is in walking distance to Telok Ayer Mass Rapid Transit Terminal.
“This is an infrequent plus small chance to secure an enchanting flagship island spot of 5 magnificently revived neighboring shophouses for potential naming as well as signs legal rights,” says Sophia Lim, asso director, investment sales & capital markets at Savills Singapore.
Considering that the shophouses rest on land sector for business purpose, foreigners as well as companies are allowed to buy the real properties.
The EOI action intended for the shophouses are going to close on March29 at 1500hrs.
