Five adjoining shophouses in CBD for sale at $28.5 mil
A detached island-site of 5 neighboring shophouses are recently up for purchase at a pilot price of $Twenty Eight point Five mil.
The island plot comprises 2 land titles. One title is for 1, 3, also 5 Club Street which are actually three-storey shophouses by having roof space. The another title is for Seven plus Nine Club St in which are two-storey shophouses.
The shophouses rest on a combined land of around 3,557 square feet, with an approximation total developed surface area of close to 7thousand 2hundred 25 square feet. Based upon the overall floor surface area, the pilot amount equates to about $3,945 psf.
Savills S’pore has already been chosen the exclusive promotion and marketing agent on behalf of the real property.
The shophouses accompany F&B approvals for the general 1st storey, which is currently leased to F&B operators like Merci Marcel Bistro, Parallel Coffee Roasters as well as Yen Bar. The upper storeys are workplaces currently filled by Multinational corp occupants.
The island-site experiences a fifty m comprehensive triple rd frontage along Cross Street, Club St and Gemmill Lane. Positioned right over Far East Square and Cross Street Exchange, the property is within walking range to Telok Ayer Mass Rapid Transit Terminal.
“This is an uncommon also reduced chance to purchase a lovely flagship island-site of five perfectly rejuvenated neighboring shophouses with prospective naming and signs rights,” claims Sophia Lim, asso dir, IS & capital mkts at Savills S’pore.
Considering that the shophouses remain on land sector for commercial purpose, immigrants plus companies are allowed to buy the premises.
The expression of interest action to get the shophouses are going to conclude on Mar 29 at 3pm.
