Five adjoining shophouses in CBD for sale at $28.5 mil
A standalone island spot of five adjacent shophouses are recently put up for sale at a base amount of $Twenty Eight point Five million.
The island-site includes two land titles. One title is actually for One, 3, also 5 Club Street that are actually three-storey shophouses including loft. The other title is intended for Seven as well as Nine Club Street which are two-storey shophouses.
The shophouses remain on a combined land of about Three thousand Five hundred Fifty Seven sq ft, by having an approximation full built-up space of around 7thousand 2hundred 25 sq ft. Based upon the whole ground space, the lead pricing translates to approximately $Three thousand Nine hundred Forty Five per square ft.
Savills S’pore has already been delegated the premium marketing representative on behalf of the real estate.
The shophouses come with F&B validations for the full ground level, which is currently contracted to F&B users including Merci Marcel Bistro, Parallel Coffee Roasters along with Yen Bar. The overhead levels are business offices presently taken up by Multinational corporation tenants.
The island spot experiences a 50m-wide triple roadway face along Cross St, Club Street and even Gemmill Ln. Placed right over FES as well as Cross Street Exchange, the real estate is within just strolling radius to Telok Ayer Mass Rapid Transit Terminal.
“This is a sparse plus minimal chance to acquire a charming flagship island plot of five beautifully rejuvenated adjacent shophouses along with possible naming and even signs legal rights,” points out Sophia Lim, asso director, inv sales & CM at Savills SGP.
As the shophouses remain on land zoned for business usage, foreigners and firms are allowed to acquire the premises.
The expression of interest movement for the shophouses will terminate on 29Mar at 3:00pm.