Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
Stanley Road is positioned at the cross-section of the CBD, and close to popular attractions including the Chinatown/Outram precinct, Tanjong Pagar commercial location and Marina Bay. It is within walking range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The 3 shophouses are completely linked all around their 3rd floor, which has actually been approved for workplace purpose. The second storeys are partly linked and are already used as a health and fitness and health studio. The ground floor is totally tenanted by a mix of F&B shops offering numerous cuisines, including Australian and Middle Eastern.
The tender ends on March 28 at 3pm.
“This rare real estate presents an opportunity for customers to own and operate a piece of limited preservation land in Singapore. The shophouses remain in a traditional area, yet steps far from the dynamic metropolitan area of the CBD. Its old-world beauty attracts tourists, whilst the neighboring range of dining establishments pull the business people and food fans throughout the day,” she adds.
Three interconnected saved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have recently been put up for sale by tender for $61.6 million, the commercial properties’ special marketing agent Knight Frank Singapore announced in a news release on Jan 3.
Knight Frank Singapore’s managing supervisor of funding industry, Mary Sai, anticipates the building to attract capitalists whose purposes are money conservation, secure reoccuring earnings and significant funding appreciation over time.
The real estate rests at the limit of the Downtown Core and within the Telok Ayer Conservation Shophouse territory. It has actually been meticulously conserved to keep its authentic outside constructive elements, the media release states.
The three-storey shophouses utilize a complete land area of about 4,030 sq ft with a built-up area of 10,735 sq ft. They have actually been zoned for business use within URA’s Master Plan 2019 and are to be sold collectively.