Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
Knight Frank Singapore’s executive supervisor of resources industry, Mary Sai, projects the building to draw in financiers whose purposes are money maintenance, steady reoccuring income and significant resources appraisal over time.
Three interconnected saved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have been put up for sale by tender for $61.6 million, the commercial properties’ special marketing representative Knight Frank Singapore released in a news release on Jan 3.
The tender concludes on March 28 at 3pm.
The 3 shophouses are fully connected all around their 3rd storey, which has actually been authorized for office purpose. The second storeys are in part attached and are already made use of as a fitness and health studio. The ground storey is fully occupant by a mix of F&B outlets providing numerous cuisines, consisting of Australian and Middle Eastern.
Stanley Road is situated at the cross-section of the CBD, and near well-known tourist attractions including the Chinatown/Outram district, Tanjong Pagar commercial location and Marina Bay. It is just within walking distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
“This rare commercial property provides an opportunity for purchasers to own and operate a piece of restricted conservation land in Singapore. The shophouses remain in a traditional place, yet moves far from the dynamic metropolitan area of the CBD. Its old-world appeal attracts travelers, while the close-by variety of restaurants attract the business group and food fans all throughout the day,” she adds.
The real estate rests at the boundary of the Downtown Core and in the Telok Ayer Conservation Shophouse enclave. It has actually been meticulously saved to preserve its authentic surface architectural attributes, the media release states.
The three-storey shophouses take up a total acreage of approximately 4,030 sq ft with a built-up spot of 10,735 sq ft. They have been zoned for business usage within URA’s Master Plan 2019 and are to become sold jointly.