Five adjoining shophouses in CBD for sale at $28.5 mil
A standalone island plot of five adjacent shophouses are put out for marketing at a model figure of $Twenty Eight point Five million.
The island position involves two land titles. One title is for One, Three, and Five Club St in which are 3 level shophouses by having roof space. The alternative title is for 7 plus Nine Club St which are two storey shophouses.
The shophouses settle on a combined land of close to 3,557 square foot, with an approximation complete built up space of around Seven thousand Two hundred Twenty Five square feet. Accorded to the entire floor surface area, the pilot figure equates to roughly $Three thousand Nine hundred Forty Five per square feet.
Savills SGP has recently gotten selected the unique promotion and marketing rep intended for the premises.
The shophouses include F&B validations for the total ground storey, and that is at this time rented out to F&B managers which include Merci Marcel Bistro, Parallel Coffee Roasters also Yen Bar. The upper floors are business offices currently filled by MNC lessees.
The island-site gets a 50m-wide triple rd frontal along Cross Street, Club St and also Gemmill Lane. Located directly across Far East Square also Cross Street Exchange, the premises is just within strolling distance to Telok Ayer Mass Rapid Transit Station.
“This is a rare and reduced opportunities to obtain a lovely flagship island site of five beautifully rejuvenated neighbouring shophouses with potential naming and also signs legal rights,” shares Sophia Lim, asso director, inv sales & capital mkts at Savills SGP.
Since the shophouses remain on land sector for business benefit, foreigners plus companies are qualified to acquire the real properties.
The expression of interest movement to get the shophouses are going to terminate on 29Mar at 3:00pm.
