Five adjoining shophouses in CBD for sale at $28.5 mil

A standalone island-site of 5 adjoining shophouses are actually up for transaction at a guide pricing of $Twenty Eight point Five million.

The island-site includes 2 land titles. One title is for 1, 3, as well as Five Club St which are three level shophouses including attic room. The other title is intended for Seven and also 9 Club Street which are two floor shophouses.

The shophouses remain on a combined land of approximately Three thousand Five hundred Fifty Seven sq ft, including an estimated overall built-up surface area of around Seven thousand Two hundred Twenty Five square feet. Based on the whole floor expanse, the lead value equates to close to $3,945 psf.

Savills SGP has already gotten delegated the exclusive marketing operator with regard to the real estate.

The shophouses come with F&B validations for the full base level, in which is at present rented out to F&B managers like Merci Marcel Bistro, Parallel Coffee Roasters and Yen Bar. The upward floors are offices at this time occupied by MNC leaseholders.

The island-site possesses a 50m-wide three roadway face on Cross St, Club St and Gemmill Ln. Found right over Far East Square and Cross St Exchange, the property is within just strolling distance to Telok Ayer train Terminal.

Midtown Modern Showflat Location

“This is a sparse plus minimal chance to get hold of a charming flagship island-site of 5 beautifully rejuvenated adjoining shophouses for prospective naming and even signage legal rights,” claims Sophia Lim, associate dir, IS & CM at Savills S’pore.

As the shophouses position on land sector for business purpose, immigrants and also companies are allowed to buy the real properties.

The expression of interest action to get the shophouses will close on March 29 at 3pm.