Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
Stanley Road lies at the cross-section of the CBD, and nearby well-known attractions such as the Chinatown/Outram district, Tanjong Pagar business area and Marina Bay. It is just within strolling proximity from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The three shophouses are fully attached across their third floor, which has actually been approved for office space purpose. The second floors are partially linked and are already used as an exercise and health studio. The ground floor is fully occupant by a mix of F&B outlets offering various cuisines, involving Australian and Middle Eastern.
Three interconnected saved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have been put up for sale by tender for $61.6 million, the real properties’ exclusive advertising and marketing representative Knight Frank Singapore announced in a press release on Jan 3.
The three-storey shophouses utilize a total acreage of about 4,030 sq ft with a built-up location of 10,735 sq ft. They have actually been zoned for business use under URA’s Master Plan 2019 and are to be marketed collectively.
Knight Frank Singapore’s managing director of resources industry, Mary Sai, projects the property to attract financiers whose purposes are assets preservation, steady recurring earnings and substantial resources appraisal in time.
The property sits at the border of the Downtown Core and within the Telok Ayer Conservation Shophouse territory. It has actually been thoroughly conserved to maintain its authentic surface architectural elements, the media launch says.
The tender ends on March 28 at 3pm.
“This uncommon real estate offers a chance for buyers to have a portion of minimal conservation land in Singapore. The shophouses remain in a historic area, yet steps far from the bustling metropolis of the CBD. Its old-world appeal brings in visitors, whereas the close-by range of restaurants attract the office people and food fans all throughout the day,” she incorporates.
