A stand-alone island location of 5 neighboring shophouses are actually put up for transaction at a model pricing of $Twenty Eight point Five million.
The island plot comprises 2 land titles. 1 title is for One, Three, and also 5 Club Street which are three-storey shophouses by having attic. The alternative title is intended for Seven and also Nine Club Street in which are 2 storey shophouses.
The shophouses lie on a joint land of close to 3,557 square foot, by having a gauging entire built up space of approximately 7,225 sq ft. Based on the entire floor space, the lead value equates to close to $3,945 psf.
Savills Singapore has been appointed the exclusive marketing agent with regard to the real estate.
The shophouses include F&B authorizations for the full ground storey, and that is presently contracted to F&B owners like Merci Marcel Bistro, Parallel Coffee Roasters as well as Yen Bar. The overhead floors are business offices presently filled by Multinational corporation occupiers.
The island-site comes with a 50m-wide three rd frontal along Cross Street, Club Street and also Gemmill Lane. Placed straight over FES also Cross St Exchange, the premises is within just strolling range to Telok Ayer MRT Terminal.
“This is a sparse and minimal possibility to purchase a charming flagship island position of five wonderfully recovered adjacent shophouses along with prospective naming and even signs legal rights,” shares Sophia Lim, asso director, inv sales & capital mkts at Savills S’pore.
As the shophouses sit on land zoned for business purpose, immigrants also firms are entitled to get hold of the real estates.
The expression of interest action to get the shophouses will conclude on Mar29 at 1500 hrs.