Five adjoining shophouses in CBD for sale at $28.5 mil
A detached island-site of five adjoining shophouses are recently up for purchase at a base pricing of $Twenty Eight point Five mil.
The island plot comprises 2 land titles. One title is for One, Three, plus Five Club St that are actually three-storey shophouses including loft. The another title is toward Seven as well as 9 Club St that are 2 floor shophouses.
The shophouses remain on a combined land of about Three thousand Five hundred Fifty Seven square feet, by having a gauging complete built-up surface area of close to Seven thousand Two hundred Twenty Five square foot. Depended on the entire flooring expanse, the lead figure translates to approx $3,945 psf.
Savills S’pore has already gotten delegated the distinctive advertising and marketing rep for the real estate.
The shophouses accompany F&B permissions for the general base floor, in which is actively leased contract to F&B owners namely Merci Marcel Bistro, Parallel Coffee Roasters and Yen Bar. The upward floors are offices presently taken up by Multinational corp occupants.
The island-site gets a 50m-wide triple roadway frontal on Cross St, Club Street and also Gemmill Ln. Positioned straight across FES as well as Cross Street Exchange, the real property is in strolling proximity to Telok Ayer MRT Terminal.
“This is an infrequent also reduced possibilities to acquire a lovely flagship island-site of 5 perfectly revived neighbouring shophouses for prospective naming as well as signs legal rights,” claims Sophia Lim, asso director, inv sales & CM at Savills S’pore.
Since the shophouses position on land section for business usage, foreigners also companies are eligible to secure the properties.
The expression of interest movement concerning the shophouses are going to end on Mar29 at 3:00pm.