Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil

Stanley Street is positioned at the cross-section of the CBD, and close to widely known attractions like the Chinatown/Outram precinct, Tanjong Pagar retail location and Marina Bay. It is just within strolling range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.

Knight Frank Singapore’s executive supervisor of resources markets, Mary Sai, anticipates the building to bring in capitalists whose goals are money conservation, steady reoccuring earnings and substantial resources appraisal over time.

The three-storey shophouses take up a complete acreage of approximately 4,030 sq ft with a built-up spot of 10,735 sq ft. They have been zoned for industrial usage within URA’s Master Plan 2019 and are to become offered jointly.

The tender ends on March 28 at 3pm.

The real estate rests at the limit of the Downtown Core and within the Telok Ayer Conservation Shophouse enclave. It has actually been carefully saved to keep its genuine facade architectural components, the media release mentions.

Three connected preserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have recently been offered by tender for $61.6 million, the real properties’ special promotion representative Knight Frank Singapore announced in a press release on Jan 3.

Hillhaven Singapore

“This rare property presents an opportunity for purchasers to own and operate a piece of limited preservation land in Singapore. The shophouses are in a historical location, yet measures away from the dynamic metropolis of the CBD. Its old-world beauty attracts travelers, whilst the neighboring variety of eateries pull the business crowd and food fans all throughout the day,” she adds.

The three shophouses are completely attached across their third storey, which has been accepted for office space usage. The 2nd storeys are partly linked and are currently used as a fitness and wellness shop. The ground storey is totally tenanted by a mix of F&B shops offering various delicacies, consisting of Australian and Middle Eastern.

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