Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
Stanley Road lies at the cross-section of the CBD, and near popular destinations like the Chinatown/Outram precinct, Tanjong Pagar commercial area and Marina Bay. It is within roaming range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
Three linked preserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have been offered by tender for $61.6 million, the properties’ special advertising and marketing representative Knight Frank Singapore announced in an announcement on Jan 3.
The three shophouses are totally linked all around their 3rd storey, which has actually been approved for workplace purpose. The second storeys are partially linked and are presently utilized as a fitness and wellness center. The ground floor is completely lessee by a mix of F&B outlets providing different cuisines, including Australian and Middle Eastern.
The tender concludes on March 28 at 3pm.
“This rare estate provides an opportunity for shoppers to have a portion of limited preservation land in Singapore. The shophouses are in a historic location, yet moves far from the busy city of the CBD. Its old-world beauty brings in visitors, whilst the neighboring range of restaurants pull the office people and food lovers all throughout the day,” she incorporates.
The real property rests at the border of the Downtown Core and in just the Telok Ayer Conservation Shophouse territory. It has been meticulously saved to maintain its genuine exterior building features, the press launch claims.
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The three-storey shophouses take up a total acreage of approximately 4,030 sq ft with a built-up area of 10,735 sq ft. They have actually been zoned for industrial use within URA’s Master Plan 2019 and are to become offered together.
Knight Frank Singapore’s managing director of capital industry, Mary Sai, projects the commercial property to bring in investors whose goals are money preservation, steady recurring income and substantial resources appraisal over time.
