Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil

Knight Frank Singapore’s managing director of capital industry, Mary Sai, anticipates the building to draw in investors whose goals are wealth preservation, secure recurring revenue and significant funding appraisal over time.

The 3 shophouses are fully linked all around their third storey, which has actually been approved for office space use. The second floors are in part connected and are presently utilized as a fitness and health shop. The ground floor is totally tenanted by a mix of F&B outlets offering numerous disheses, involving Australian and Middle Eastern.

The tender closes on March 28 at 3pm.

Three linked saved shophouses at 4, 5 and 6 Stanley Street in Chinatown, prime District 1, have already been put up for sale by tender for $61.6 million, the commercial properties’ special promotion broker Knight Frank Singapore publicized in an announcement on Jan 3.

The real estate sits at the border of the Downtown Core and inside the Telok Ayer Conservation Shophouse enclave. It has actually been very carefully conserved to keep its genuine exterior constructive attributes, the media release says.

Stanley Street is located at the cross-section of the CBD, and close to widely known destinations such as the Chinatown/Outram precinct, Tanjong Pagar commercial area and Marina Bay. It is within just roaming proximity from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.

Altura EC condominium

“This rare real estate presents a chance for purchasers to own a piece of restricted conservation land in Singapore. The shophouses remain in a historic location, yet moves far from the dynamic metropolitan area of the CBD. Its old-world charm attracts tourists, whereas the neighboring range of dining establishments attract the business group and food lovers all throughout the day,” she includes.

The three-storey shophouses occupy a complete acreage of about 4,030 sq ft with a built-up location of 10,735 sq ft. They have been zoned for business usage under URA’s Master Plan 2019 and are to become marketed jointly.