Five adjoining shophouses in CBD for sale at $28.5 mil
A standalone island location of five neighboring shophouses are put up for marketing at a base figure of $28.5 million.
The island-site is composed of 2 land titles. 1 title is for 1, 3, and 5 Club Street which are 3 floor shophouses including loft. The alternative title is for 7 as well as 9 Club St which are 2 floor shophouses.
The shophouses remain on a mixed land of close to 3,557 sq ft, by having an estimated total developed expanse of around 7,225 square feet. Based on the complete floor surface area, the pilot deal converts to approximately $Three thousand Nine hundred Forty Five per sq foot.
Savills S’pore has already gotten appointed the exclusive promotion and marketing representative with regard to the real property.
The shophouses possess F&B validations for the entire 1st storey, that is presently let out to F&B operators namely Merci Marcel Bistro, Parallel Coffee Roasters also Yen Bar. The upward storeys are workplaces at present utilized by MNC renters.
The island spot gets a fifty meter extensive three road front view along Cross St, Club Street and even Gemmill Ln. Located straight over Far East Square and Cross St Exchange, the property is just within walking proximity to Telok Ayer train Terminal.
“This is a scarce and small possibilities to get an enchanting flagship island plot of five wonderfully restored adjacent shophouses with potential naming and even signs rights,” shares Sophia Lim, associate dir, IS & CM at Savills Singapore.
As the shophouses position on land sector for business benefit, immigrants including organizations are allowed to buy the properties.
The EOI activity for the shophouses are going to end on Mar29 at 1500 hrs.