Five adjoining shophouses in CBD for sale at $28.5 mil
A free standing island-site of 5 adjacent shophouses are recently put up for sale at a model value of $Twenty Eight point Five million.
The island location is composed of 2 land titles. A single title is for One, 3, and also Five Club St in which are 3 level shophouses including loft. The other title is intended for Seven and Nine Club Street in which are two storey shophouses.
The shophouses rest on a shared land of approx Three thousand Five hundred Fifty Seven sq ft, with an approximation total built up surface area of about 7,225 sq ft. Accorded to the complete ground size, the guide amount converts to approximately $3thousand 9hundred 45 psf.
Savills S’pore has gotten designated the exclusive advertising and marketing specialist for the real estate.
The shophouses accompany F&B approvals for the full first storey, and that is actively let out to F&B users like Merci Marcel Bistro, Parallel Coffee Roasters plus Yen Bar. The upward levels are workplaces actively taken up by MNC occupants.
The island-site provides a 50m diverse triple roadway frontage on Cross St, Club St plus Gemmill Lane. Placed right across FES and also Cross St Exchange, the real estate is in strolling radius to Telok Ayer Mass Rapid Transit Terminal.
“This is a sparse also minimal possibility to gain an enchanting flagship island-site of 5 beautifully revived neighboring shophouses along with possible naming as well as signage legal rights,” claims Sophia Lim, asso dir, investment sales & CM at Savills SGP.
Since the shophouses lie on land section for business utilization, immigrants also business are eligible to get hold of the properties.
The EOI activity for the shophouses will end on Mar29 at 3pm.