Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil

The property rests at the boundary of the Downtown Core and in just the Telok Ayer Conservation Shophouse territory. It has actually been very carefully conserved to preserve its original exterior building components, the media release states.

“This uncommon real estate offers an opportunity for customers to own a piece of restricted conservation land in Singapore. The shophouses remain in a traditional area, yet steps far from the busy metropolitan area of the CBD. Its old-world appeal attracts visitors, whilst the nearby myriad of eateries attract the office group and food enthusiasts all throughout the day,” she adds.

Three connected saved shophouses at 4, 5 and 6 Stanley Street in Chinatown, prime District 1, have already been put up for sale by tender for $61.6 million, the real properties’ special marketing representative Knight Frank Singapore publicized in a press release on Jan 3.

Stanley Road is situated at the cross-section of the CBD, and near popular attractions including the Chinatown/Outram precinct, Tanjong Pagar business area and Marina Bay. It is within just walking proximity from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.

Knight Frank Singapore’s executive director of resources markets, Mary Sai, anticipates the property to draw in capitalists whose purposes are money preservation, steady reoccuring income and substantial resources appreciation in time.

Hill House condominium

The three shophouses are fully linked across their 3rd storey, which has actually been approved for workplace usage. The second storeys are partly attached and are already used as a health and fitness and wellness studio. The ground level is totally occupant by a mix of F&B outlets offering numerous delicacies, including Australian and Middle Eastern.

The three-storey shophouses take up a total acreage of about 4,030 sq ft with a built-up location of 10,735 sq ft. They have actually been zoned for industrial usage under URA’s Master Plan 2019 and are to become sold together.

The tender concludes on March 28 at 3pm.

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