Five adjoining shophouses in CBD for sale at $28.5 mil
A standalone island-site of 5 adjacent shophouses are put out for transaction at a base deal of $28.5 million.
The island location involves 2 land titles. A single title is for 1, Three, and 5 Club Street in which are three storey shophouses including attic. The other title is for 7 and also Nine Club Street in which are two level shophouses.
The shophouses settle on a mixed land of approx 3thousand 5hundred 57 square foot, with an approximation complete built-up surface area of around 7,225 square feet. Based on the complete flooring surface area, the lead rate interprets to approximately $Three thousand Nine hundred Forty Five per square foot.
Savills SGP has recently gotten assigned the distinctive marketing specialist on behalf of the premises.
The shophouses feature F&B approvals for the entire ground level, and that is actively rented out to F&B operators namely Merci Marcel Bistro, Parallel Coffee Roasters along with Yen Bar. The top levels are office spaces actively filled by Multinational corp renters.
The island-site provides a 50m-wide three road frontal along Cross Street, Club Street and also Gemmill Lane. Located straight over FES and also Cross St Exchange, the property is within just walking proximity to Telok Ayer train Terminal.
“This is an uncommon also reduced possibilities to obtain an enchanting flagship island-site of five wonderfully restored adjoining shophouses with potential naming as well as signage legal rights,” mentions Sophia Lim, asso dir, investment sales & CM at Savills S’pore.
Since the shophouses rest on land zoned for business usage, immigrants including business are allowed to obtain the premises.
The expression of interest action for the shophouses are going to close on 29Mar at 3pm.