Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
Stanley Road lies at the cross-section of the CBD, and near well-known destinations including the Chinatown/Outram precinct, Tanjong Pagar business area and Marina Bay. It is within just roaming range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
“This uncommon commercial property provides a possibility for buyers to own a part of minimal conservation land in Singapore. The shophouses are in a historical area, yet steps far from the bustling metropolis of the CBD. Its old-world beauty attracts visitors, whereas the nearby variety of restaurants draw the office group and food fans all throughout the day,” she includes.
Knight Frank Singapore’s managing supervisor of capital markets, Mary Sai, projects the commercial property to bring in financiers whose purposes are money preservation, secure reoccuring income and substantial resources appraisal over time.
The real estate rests at the border of the Downtown Core and within the Telok Ayer Conservation Shophouse enclave. It has actually been very carefully saved to keep its genuine outside constructive components, the press launch states.
The 3 shophouses are totally attached throughout their 3rd floor, which has been accepted for office purpose. The second floors are in part attached and are already made use of as an exercise and wellness shop. The ground floor is completely lessee by a mix of F&B outlets offering various delicacies, consisting of Australian and Middle Eastern.
The Myst Condo showflat location
Three interconnected preserved shophouses at 4, 5 and 6 Stanley Street in Chinatown, prime District 1, have been put up for sale by tender for $61.6 million, the properties’ exclusive advertising and marketing broker Knight Frank Singapore released in an announcement on Jan 3.
The tender closes on March 28 at 3pm.
The three-storey shophouses take up a total land area of around 4,030 sq ft with a built-up location of 10,735 sq ft. They have actually been zoned for commercial use within URA’s Master Plan 2019 and are to become sold jointly.
