Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
Three connected saved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have already been offered by tender for $61.6 million, the commercial properties’ special marketing broker Knight Frank Singapore publicized in an announcement on Jan 3.
The 3 shophouses are totally attached all around their 3rd storey, which has been approved for office purpose. The 2nd floors are in part attached and are presently made use of as an exercise and wellness shop. The ground storey is completely tenanted by a mix of F&B outlets offering various disheses, including Australian and Middle Eastern.
Knight Frank Singapore’s executive supervisor of funding industry, Mary Sai, anticipates the commercial property to attract financiers whose purposes are money preservation, secure reoccuring income and significant funding appreciation gradually.
“This uncommon estate provides an opportunity for purchasers to own a piece of restricted preservation land in Singapore. The shophouses are in a historical area, yet moves away from the busy city of the CBD. Its old-world beauty draws in visitors, whereas the nearby variety of eateries attract the office crowd and food enthusiasts throughout the day,” she includes.
The real estate rests at the limit of the Downtown Core and in just the Telok Ayer Conservation Shophouse territory. It has been thoroughly saved to retain its authentic outside constructive attributes, the press release states.
The tender ends on March 28 at 3pm.
Stanley Street lies at the cross-section of the CBD, and near popular attractions such as the Chinatown/Outram district, Tanjong Pagar business area and Marina Bay. It is just within strolling distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The three-storey shophouses take up a complete land area of around 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 be marketed jointly.
