Five adjoining shophouses in CBD for sale at $28.5 mil
A detached island-site of five adjacent shophouses are recently up for purchase at a pilot deal of $28.5 mil.
The island-site involves two land titles. One title is for One, 3, also Five Club Street which are 3 level shophouses by having attic. The other title is for Seven and also Nine Club Street in which are two-storey shophouses.
The shophouses rest on a combined land of roughly Three thousand Five hundred Fifty Seven square foot, by having an estimated complete built up space of approx Seven thousand Two hundred Twenty Five sq ft. Accorded to the complete ground expanse, the lead value equates to close to $3thousand 9hundred 45 per square foot.
Savills Singapore has already gotten assigned the unique advertising rep with regard to the real estate.
The shophouses accompany F&B consents for the general ground level, in which is at this time rented out to F&B owners such as Merci Marcel Bistro, Parallel Coffee Roasters as well as Yen Bar. The higher floors are office spaces at this time occupied by Multinational corp occupants.
The island-site features a 50m diverse three road front view along Cross Street, Club Street and Gemmill Ln. Located directly over FES also Cross Street Exchange, the property is just within strolling range to Telok Ayer train Terminal.
“This is an unusual also minimal chance to acquire a lovely flagship island-site of 5 perfectly recovered neighbouring shophouses along with potential naming and signs rights,” points out Sophia Lim, asso director, IS & CM at Savills SGP.
Since the shophouses rest on land zoned for business usage, immigrants and even companies are entitled to buy the real properties.
The EOI exercise intended for the shophouses will cease on 29Mar at 3:00pm.