Five adjoining shophouses in CBD for sale at $28.5 mil
A stand-alone island location of five adjoining shophouses are actually up for purchase at a pilot amount of $28.5 million.
The island spot contains two land titles. 1 title is for One, 3, also 5 Club Street that are actually three storey shophouses with attic. The another title is toward Seven plus 9 Club St in which are two-storey shophouses.
The shophouses rest on a mixed land of roughly 3thousand 5hundred 57 square foot, including an approximation full built-up area of around 7thousand 2hundred 25 square foot. Accorded to the overall floor area, the lead figure translates to about $3,945 per square feet.
Savills Singapore has recently been designated the unique advertising rep on behalf of the real estate.
The shophouses possess F&B authorizations for the whole 1st floor, which is already let out to F&B owners such as Merci Marcel Bistro, Parallel Coffee Roasters and Yen Bar. The upper floors are office spaces already occupied by MNC tenants.
The island spot features a 50m wide three roadway front view on Cross St, Club Street also Gemmill Lane. Situated straight across Far East Square and also Cross Street Exchange, the real estate is within just strolling range to Telok Ayer Mass Rapid Transit Terminal.
“This is a sparse plus minimal possibilities to secure an enchanting flagship island-site of 5 beautifully revived neighbouring shophouses for prospective naming and signage legal rights,” mentions Sophia Lim, associate director, investment sales & capital markets at Savills S’pore.
As the shophouses rest on land sector for business utilization, foreigners and even firms are qualified to obtain the premises.
The EOI movement to get the shophouses will cease on Mar 29 at 1500 hrs.
