Five adjoining shophouses in CBD for sale at $28.5 mil
A detached island-site of 5 neighboring shophouses are recently put out for purchase at a lead price of $28.5 mil.
The island-site comprises two land titles. One title is actually for One, 3, as well as 5 Club St which are actually three level shophouses with attic. The other title is for 7 plus Nine Club St which are two-storey shophouses.
The shophouses rest on a joint land of roughly Three thousand Five hundred Fifty Seven square foot, with an estimated entire developed space of roughly 7,225 square foot. Based on the whole floor area, the pilot figure converts to about $Three thousand Nine hundred Forty Five per square foot.
Savills S’pore has already gotten appointed the premium marketing and advertising specialist on behalf of the real estate.
The shophouses include F&B consents for the general 1st storey, that is at present contracted to F&B managers for example Merci Marcel Bistro, Parallel Coffee Roasters and also Yen Bar. The upper floors are offices actively occupied by MNC renters.
The island location has a 50 m wide three road front view at Cross Street, Club Street also Gemmill Ln. Located straight over FES and also Cross Street Exchange, the real property is within just walking range to Telok Ayer train Station.
“This is an uncommon and reduced chance to secure an alluring flagship island-site of five perfectly rejuvenated neighbouring shophouses along with possible naming and also signs legal rights,” states Sophia Lim, asso director, IS & capital mkts at Savills SGP.
Considering that the shophouses rest on land sector for business purpose, immigrants and also companies are allowed to obtain the premises.
The EOI operation for the shophouses are going to close on 29Mar at 1500 hrs.