Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
The property sits at the limit of the Downtown Core and in just the Telok Ayer Conservation Shophouse enclave. It has actually been carefully conserved to maintain its genuine facade building elements, the media launch states.
The three shophouses are fully linked across their 3rd storey, which has actually been authorized for office space purpose. The 2nd floors are partially linked and are presently used as a health and fitness and wellness center. The ground level is totally occupant by a mix of F&B outlets providing different disheses, involving Australian and Middle Eastern.
The tender concludes on March 28 at 3pm.
“This rare property presents an opportunity for shoppers to own a portion of minimal preservation land in Singapore. The shophouses are in a historical place, yet measures far from the bustling metropolitan area of the CBD. Its old-world beauty brings in visitors, while the close-by myriad of restaurants attract the office crowd and food enthusiasts throughout the day,” she incorporates.
Three interconnected preserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have been offered by tender for $61.6 million, the commercial properties’ exclusive marketing agent Knight Frank Singapore publicized in an announcement on Jan 3.
Knight Frank Singapore’s executive supervisor of resources industry, Mary Sai, assumes the property to attract investors whose objectives are wealth conservation, steady reoccuring income and significant resources appreciation with time.
The three-storey shophouses utilize a full land area of about 4,030 sq ft with a built-up area of 10,735 sq ft. They have been zoned for industrial usage under URA’s Master Plan 2019 and are to become sold collectively.
Stanley Street is situated at the cross-section of the CBD, and close to widely known tourist attractions like the Chinatown/Outram district, Tanjong Pagar commercial location and Marina Bay. It is within strolling range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.