Five adjoining shophouses in CBD for sale at $28.5 mil
A detached island location of five neighbouring shophouses are up for marketing at a pilot pricing of $Twenty Eight point Five million.
The island site involves 2 land titles. A single title is actually for 1, 3, as well as Five Club St that are 3 level shophouses including attic. The other title is toward 7 and 9 Club St in which are two-storey shophouses.
The shophouses rest on a mixed land of about 3,557 square foot, including an approximation overall built-up expanse of roughly Seven thousand Two hundred Twenty Five square feet. Based on the whole floor location, the model amount converts to close to $Three thousand Nine hundred Forty Five per sq feet.
Savills SGP has already gotten chosen the exclusive marketing specialist intended for the property.
The shophouses come with F&B authorizations for the general base floor, and that is presently contracted to F&B users including Merci Marcel Bistro, Parallel Coffee Roasters together with Yen Bar. The overhead levels are workplaces currently taken up by Multinational corp lessees.
The island-site has a fifty m diverse three road frontage along Cross St, Club Street and Gemmill Lane. Found right over Far East Square as well as Cross St Exchange, the real estate is within just strolling distance to Telok Ayer train Terminal.
“This is a rare also minimal opportunities to obtain a charming flagship island-site of 5 magnificently rejuvenated adjoining shophouses for potential naming and also signs rights,” claims Sophia Lim, associate director, IS & CM at Savills Singapore.
Since the shophouses remain on land section for commercial purpose, immigrants also companies are qualified to get hold of the real estates.
The expression of interest exercise concerning the shophouses are going to end on Mar 29 at 1500hrs.