Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
Knight Frank Singapore’s managing director of funding industry, Mary Sai, assumes the commercial property to attract financiers whose goals are wealth conservation, stable recurring revenue and considerable capital appreciation over time.
“This uncommon real estate presents a chance for buyers to possess a portion of limited conservation land in Singapore. The shophouses are in a historical place, yet measures away from the dynamic city of the CBD. Its old-world beauty brings in tourists, while the neighboring myriad of dining establishments draw the business people and food lovers within the day,” she adds.
The real property rests at the border of the Downtown Core and in just the Telok Ayer Conservation Shophouse enclave. It has actually been very carefully conserved to retain its initial surface building elements, the press release states.
The 3 shophouses are totally connected across their 3rd floor, which has actually been authorized for workplace use. The second storeys are in part linked and are already made use of as a health and fitness and wellness shop. The ground level is fully tenanted by a mix of F&B outlets supplying numerous delicacies, including Australian and Middle Eastern.
Three linked conserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have recently been offered by tender for $61.6 million, the real properties’ special promotion broker Knight Frank Singapore released in a press release on Jan 3.
Stanley Street is situated at the cross-section of the CBD, and near popular attractions such as the Chinatown/Outram district, Tanjong Pagar commercial area and Marina Bay. It is just within walking range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The tender closes on March 28 at 3pm.
The three-storey shophouses occupy a total land area of about 4,030 sq ft with a built-up spot of 10,735 sq ft. They have actually been zoned for commercial use within URA’s Master Plan 2019 and are to be offered jointly.