Five adjoining shophouses in CBD for sale at $28.5 mil
A free standing island plot of five adjacent shophouses are up for transaction at a model price of $Twenty Eight point Five million.
The island-site involves two land titles. A single title is actually for 1, 3, also 5 Club St in which are three-storey shophouses by having attic. The other title is intended for Seven plus Nine Club Street which are two-storey shophouses.
The shophouses rest on a joint land of about Three thousand Five hundred Fifty Seven square foot, by having a gauging total built up size of approximately Seven thousand Two hundred Twenty Five square foot. Built upon the whole floor expanse, the lead pricing translates to around $3,945 per square foot.
Savills Singapore has recently been delegated the premium advertising agent on behalf of the premises.
The shophouses possess F&B authorizations for the general base storey, which is presently leased contract to F&B owners for instance Merci Marcel Bistro, Parallel Coffee Roasters and Yen Bar. The upper floors are business offices at this time occupied by MNC renters.
The island location gets a 50m-wide three roadway frontage on Cross St, Club St as well as Gemmill Lane. Placed directly across FES as well as Cross Street Exchange, the property is in strolling proximity to Telok Ayer Mass Rapid Transit Station.
“This is a rare also small possibility to purchase a captivating flagship island-site of five wonderfully rejuvenated neighboring shophouses for possible naming and signs legal rights,” mentions Sophia Lim, associate dir, IS & capital mkts at Savills S’pore.
As the shophouses rest on land section for business use, foreigners and business are allowed to get hold of the real estates.
The expression of interest exercise to get the shophouses are going to close on 29Mar at 1500 hrs.