Five adjoining shophouses in CBD for sale at $28.5 mil
A stand-alone island-site of 5 neighbouring shophouses are recently put up for deal at a pilot deal of $Twenty Eight point Five million.
The island spot is composed of two land titles. One title is actually for 1, Three, as well as 5 Club St that are actually three storey shophouses including attic room. The other title is for 7 also Nine Club Street that are two-storey shophouses.
The shophouses rest on a combined land of approx 3thousand 5hundred 57 square feet, with an estimation complete built-up area of approximately 7,225 square feet. Accorded to the overall ground area, the guide price equates to roughly $3thousand 9hundred 45 psf.
Savills SGP has recently gotten designated the exclusive advertising and marketing rep for the real property.
The shophouses come with F&B validations for the full 1st level, in which is currently contracted to F&B owners including Merci Marcel Bistro, Parallel Coffee Roasters and also Yen Bar. The top storeys are offices already inhabited by MNC occupants.
The island site comes with a 50m diverse three rd frontal on Cross St, Club St also Gemmill Ln. Located right across Far East Square as well as Cross Street Exchange, the property is within just walking range to Telok Ayer MRT Station.
“This is an infrequent also limited opportunities to purchase an alluring flagship island plot of 5 beautifully recovered neighboring shophouses for possible naming and signage legal rights,” claims Sophia Lim, asso dir, inv sales & CM at Savills S’pore.
Since the shophouses sit on land section for business purpose, foreigners and even firms are qualified to secure the premises.
The EOI exercise for the shophouses are going to terminate on March 29 at 3:00pm.