Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
The real property settles at the border of the Downtown Core and within the Telok Ayer Conservation Shophouse territory. It has been carefully conserved to retain its initial facade building components, the media launch claims.
Three linked preserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have recently been offered by tender for $61.6 million, the real properties’ special promotion representative Knight Frank Singapore announced in a press release on Jan 3.
“This rare real estate presents an opportunity for buyers to have a part of minimal conservation land in Singapore. The shophouses remain in a historical place, yet steps away from the busy metropolitan area of the CBD. Its old-world appeal brings in travelers, while the nearby myriad of eateries pull the business group and food enthusiasts throughout the day,” she includes.
The 3 shophouses are fully linked throughout their third storey, which has actually been accepted for workplace usage. The 2nd floors are in part connected and are already utilized as a health and fitness and health studio. The ground floor is totally lessee by a mix of F&B shops offering different cuisines, including Australian and Middle Eastern.
The three-storey shophouses occupy a full acreage of approximately 4,030 sq ft with a built-up area of 10,735 sq ft. They have been zoned for business usage following URA’s Master Plan 2019 and are to be sold together.
Knight Frank Singapore’s managing director of funding industry, Mary Sai, expects the building to draw in capitalists whose goals are wealth conservation, steady returning income and considerable resources appreciation in time.
The tender closes on March 28 at 3pm.
Stanley Road lies at the cross-section of the CBD, and close to well-known attractions like the Chinatown/Outram district, Tanjong Pagar retail area and Marina Bay. It is within walking distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.