Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
3 interconnected conserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have recently been put up for sale by tender for $61.6 million, the real properties’ special promotion representative Knight Frank Singapore publicized in an announcement on Jan 3.
Stanley Road lies at the cross-section of the CBD, and close to widely known tourist attractions including the Chinatown/Outram precinct, Tanjong Pagar commercial area and Marina Bay. It is just within walking distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
Knight Frank Singapore’s executive director of capital industry, Mary Sai, expects the building to bring in capitalists whose goals are wealth conservation, steady reoccuring income and considerable resources appreciation gradually.
The tender concludes on March 28 at 3pm.
The three-storey shophouses occupy a complete acreage of about 4,030 sq ft with a built-up area of 10,735 sq ft. They have actually been zoned for commercial use within URA’s Master Plan 2019 and are to be marketed collectively.
Klimt Cairnhill showflat location
“This unusual property offers a possibility for shoppers to possess a piece of limited preservation land in Singapore. The shophouses are in a traditional area, yet moves away from the dynamic metropolitan area of the CBD. Its old-world charm brings in visitors, while the close-by variety of dining establishments attract the office group and food enthusiasts all throughout the day,” she adds.
The 3 shophouses are completely linked throughout their 3rd storey, which has actually been authorized for workplace usage. The 2nd storeys are in part linked and are already utilized as a health and fitness and health shop. The ground floor is totally lessee by a mix of F&B outlets supplying numerous cuisines, consisting of Australian and Middle Eastern.
The real estate settles at the border of the Downtown Core and within the Telok Ayer Conservation Shophouse territory. It has been meticulously conserved to maintain its genuine exterior building features, the media launch states.
