Five adjoining shophouses in CBD for sale at $28.5 mil

A free standing island-site of 5 adjacent shophouses are recently up for deal at a guide amount of $28.5 million.

The island-site includes 2 land titles. A single title is for 1, 3, and Five Club St in which are actually 3 floor shophouses including attic room. The alternative title is intended for Seven and also 9 Club Street in which are two floor shophouses.

Avenue South Residence Showflat Location

The shophouses position on a mixed land of around 3thousand 5hundred 57 square feet, including an estimated total developed space of approx 7thousand 2hundred 25 square foot. Based upon the overall flooring size, the lead deal translates to approximately $Three thousand Nine hundred Forty Five psf.

Savills Singapore has gotten appointed the exclusive advertising specialist intended for the premises.

The shophouses include F&B consents for the whole 1st storey, which is at present let out to F&B owners which include Merci Marcel Bistro, Parallel Coffee Roasters and Yen Bar. The upward floors are office spaces presently inhabited by Multinational corp occupants.

The island-site gets a fifty metre wide triple rd frontal along Cross Street, Club Street also Gemmill Lane. Positioned straight across Far East Square and also Cross St Exchange, the real property is within just strolling radius to Telok Ayer train Station.

“This is an infrequent and limited possibilities to get an alluring flagship island position of 5 beautifully rejuvenated adjacent shophouses for possible naming as well as signage rights,” says Sophia Lim, asso dir, inv sales & CM at Savills SGP.

Considering that the shophouses remain on land zoned for commercial utilization, immigrants plus companies are entitled to obtain the premises.

The EOI activity to get the shophouses will cease on 29Mar at 1500hrs.

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