Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
The property sits at the border of the Downtown Core and within the Telok Ayer Conservation Shophouse enclave. It has been carefully conserved to maintain its original outside constructive components, the press launch claims.
The three-storey shophouses utilize a full land area of approximately 4,030 sq ft with a built-up area of 10,735 sq ft. They have actually been zoned for industrial use under URA’s Master Plan 2019 and are to become offered collectively.
The three shophouses are fully attached throughout their 3rd storey, which has been approved for office use. The 2nd floors are in part linked and are already utilized as an exercise and health shop. The ground storey is totally occupant by a mix of F&B shops offering numerous delicacies, including Australian and Middle Eastern.
The Hill @ One North Kingsford Development Pte Ltd
“This rare commercial property provides a chance for purchasers to have a portion of restricted conservation land in Singapore. The shophouses remain in a historic area, yet moves far from the bustling city of the CBD. Its old-world beauty brings in travelers, whilst the close-by myriad of eateries pull the business people and food lovers all throughout the day,” she adds.
Knight Frank Singapore’s managing director of funding industry, Mary Sai, assumes the building to draw in financiers whose goals are money maintenance, secure recurring revenue and substantial resources appraisal over time.
Three interconnected preserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have been offered by tender for $61.6 million, the commercial properties’ exclusive promotion agent Knight Frank Singapore publicized in a news release on Jan 3.
Stanley Street lies at the cross-section of the CBD, and close to widely known destinations like the Chinatown/Outram district, Tanjong Pagar retail location and Marina Bay. It is within just walking distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
The tender concludes on March 28 at 3pm.
