Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
The three-storey shophouses occupy a total land area of around 4,030 sq ft with a built-up area of 10,735 sq ft. They have actually been zoned for commercial usage following URA’s Master Plan 2019 and are to become sold collectively.
Knight Frank Singapore’s executive supervisor of funding markets, Mary Sai, expects the commercial property to bring in investors whose objectives are wealth conservation, stable reoccuring earnings and significant funding appraisal gradually.
Three linked conserved 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 representative Knight Frank Singapore released in a press release on Jan 3.
Stanley Road is situated at the cross-section of the CBD, and close to popular tourist attractions including the Chinatown/Outram precinct, Tanjong Pagar commercial area and Marina Bay. It is within just roaming range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The 3 shophouses are completely attached across their third storey, which has actually been accepted for office use. The 2nd floors are partly linked and are presently made use of as a fitness and health studio. The ground storey is completely tenanted by a mix of F&B outlets providing numerous disheses, involving Australian and Middle Eastern.
“This rare commercial property provides an opportunity for customers to possess a piece of restricted preservation land in Singapore. The shophouses remain in a traditional location, yet measures far from the bustling metropolis of the CBD. Its old-world beauty draws in tourists, whilst the close-by variety of dining establishments attract the business people and food lovers within the day,” she incorporates.
The tender ends on March 28 at 3pm.
The real property sits at the limit of the Downtown Core and inside the Telok Ayer Conservation Shophouse enclave. It has actually been carefully preserved to retain its genuine surface architectural attributes, the media launch claims.
