Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
Three interconnected preserved shophouses at 4, 5 and 6 Stanley Street in Chinatown, prime District 1, have already been put up for sale by tender for $61.6 million, the real properties’ special advertising and marketing agent Knight Frank Singapore publicized in a news release on Jan 3.
The 3 shophouses are totally attached across their third floor, which has actually been authorized for office usage. The 2nd storeys are partially connected and are presently utilized as a health and fitness and health studio. The ground floor is totally lessee by a mix of F&B outlets providing numerous cuisines, consisting of Australian and Middle Eastern.
The three-storey shophouses utilize a full land area of approximately 4,030 sq ft with a built-up spot of 10,735 sq ft. They have been zoned for commercial use under URA’s Master Plan 2019 and are to be offered jointly.
Knight Frank Singapore’s executive director of capital industry, Mary Sai, projects the property to draw in investors whose objectives are wealth preservation, stable recurring earnings and significant resources appreciation gradually.
The tender concludes on March 28 at 3pm.
“This rare property offers a chance for customers to own and operate a part of minimal preservation land in Singapore. The shophouses are in a traditional place, yet moves far from the bustling metropolitan area of the CBD. Its old-world appeal draws in visitors, whilst the nearby range of dining establishments attract the office group and food lovers throughout the day,” she adds.
The real estate rests at the boundary of the Downtown Core and in just the Telok Ayer Conservation Shophouse territory. It has actually been carefully conserved to retain its authentic exterior building attributes, the press release mentions.
Stanley Road is positioned at the cross-section of the CBD, and near well-known destinations such as the Chinatown/Outram district, Tanjong Pagar retail location and Marina Bay. It is within just roaming proximity from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
