Five adjoining shophouses in CBD for sale at $28.5 mil

A detached island-site of five adjoining shophouses are put out for marketing at a guide value of $28.5 million.

The island plot is composed of two land titles. One title is actually for One, Three, plus 5 Club Street which are actually 3 storey shophouses by having loft. The another title is for 7 also 9 Club Street that are two-storey shophouses.

The shophouses settle on a joint land of approximately Three thousand Five hundred Fifty Seven sq ft, with a gauging complete developed size of approx Seven thousand Two hundred Twenty Five square foot. Built upon the entire ground surface area, the model price converts to about $3,945 psf.

The Commodore Showflat Location

Savills SGP has recently gotten chosen the distinctive advertising agent for the real estate.

The shophouses feature F&B validations for the total base floor, in which is currently leased contract to F&B users like Merci Marcel Bistro, Parallel Coffee Roasters and Yen Bar. The top storeys are offices at present utilized by MNC occupants.

The island position possesses a 50m-wide three rd face on Cross Street, Club St plus Gemmill Ln. Placed right over FES also Cross Street Exchange, the real property is within just walking radius to Telok Ayer MRT Station.

“This is a scarce and limited possibility to get an enchanting flagship island-site of 5 beautifully recovered adjacent shophouses along with potential naming and also signage rights,” states Sophia Lim, associate dir, IS & CM at Savills SGP.

Since the shophouses settle on land zoned for business use, foreigners as well as business are eligible to purchase the real properties.

The expression of interest movement concerning the shophouses are going to terminate on 29March at 1500hrs.

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