Five adjoining shophouses in CBD for sale at $28.5 mil
A detached island-site of 5 neighboring shophouses are up for sale at a model rate of $28.5 million.
The island-site includes 2 land titles. A single title is for 1, 3, plus Five Club Street which are three-storey shophouses by having loft. The another title is toward Seven and also Nine Club St that are 2 storey shophouses.
The shophouses rest on a joint land of approximately Three thousand Five hundred Fifty Seven square foot, by having a gauging total developed space of around 7thousand 2hundred 25 square feet. Based on the entire floor surface size, the lead rate translates to about $3,945 per sq foot.
Savills Singapore has gotten designated the distinctive marketing specialist with regard to the real property.
The shophouses feature F&B approvals for the general first floor, which is currently leased contract to F&B managers like Merci Marcel Bistro, Parallel Coffee Roasters along with Yen Bar. The overhead floors are office spaces actively inhabited by MNC occupiers.
The island-site experiences a 50m diverse three roadway front view along Cross Street, Club St as well as Gemmill Lane. Placed directly over Far East Square as well as Cross Street Exchange, the property is just within strolling proximity to Telok Ayer train Terminal.
“This is a rare also limited opportunity to get a charming flagship island spot of 5 wonderfully revived adjoining shophouses along with prospective naming and even signage legal rights,” shares Sophia Lim, asso director, IS & capital mkts at Savills SGP.
As the shophouses rest on land sector for commercial benefit, foreigners and business are qualified to secure the premises.
The EOI operation concerning the shophouses are going to conclude on Mar 29 at 3pm.