Five adjoining shophouses in CBD for sale at $28.5 mil
A free standing island-site of 5 adjacent shophouses are actually up for deal at a base price of $28.5 mil.
The island-site includes two land titles. 1 title is actually for One, Three, as well as 5 Club Street that are actually three-storey shophouses by having attic room. The alternative title is intended for 7 also 9 Club Street which are two floor shophouses.
The shophouses remain on a combined land of approx Three thousand Five hundred Fifty Seven square foot, with an approximation complete built-up space of about 7,225 sq ft. Depended on the total floor area, the pilot amount equates to roughly $3thousand 9hundred 45 psf.
Savills S’pore has gotten delegated the distinctive advertising rep intended for the real estate.
The shophouses include F&B authorizations for the whole ground storey, which is at this time leased contract to F&B users namely Merci Marcel Bistro, Parallel Coffee Roasters also Yen Bar. The upper floors are workplaces currently filled by Multinational corporation leaseholders.
The island-site possesses a 50m wide triple rd face at Cross Street, Club Street as well as Gemmill Ln. Placed right over Far East Square as well as Cross Street Exchange, the real estate is within strolling distance to Telok Ayer MRT Terminal.
“This is an unusual plus reduced possibility to get hold of an alluring flagship island-site of 5 perfectly restored adjoining shophouses along with potential naming and also signage rights,” shares Sophia Lim, associate director, inv sales & capital mkts at Savills S’pore.
Since the shophouses remain on land section for business utilization, foreigners plus firms are entitled to acquire the real estates.
The EOI exercise for the shophouses are going to close on Mar 29 at 3pm.