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

3 linked saved 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’ exclusive marketing representative Knight Frank Singapore publicized in a news release on Jan 3.

The 3 shophouses are completely linked throughout their third floor, which has been accepted for office usage. The 2nd storeys are partly attached and are presently used as a fitness and wellness studio. The ground level is completely tenanted by a mix of F&B shops providing different disheses, involving Australian and Middle Eastern.

“This uncommon estate presents a possibility for shoppers to own a piece of minimal conservation land in Singapore. The shophouses remain in a historical place, yet moves away from the dynamic city of the CBD. Its old-world beauty draws in travelers, whereas the neighboring myriad of restaurants draw the business group and food fans within the day,” she adds.

Lentor Mansion condo floor plan

Knight Frank Singapore’s executive supervisor of capital industry, Mary Sai, anticipates the property to draw in financiers whose goals are money conservation, steady returning income and considerable capital appraisal with time.

The tender closes on March 28 at 3pm.

The property rests at the border of the Downtown Core and within the Telok Ayer Conservation Shophouse enclave. It has actually been meticulously saved to preserve its authentic exterior building components, the media release claims.

Stanley Road lies at the cross-section of the CBD, and near well-known tourist attractions such as the Chinatown/Outram precinct, Tanjong Pagar retail location and Marina Bay. It is within strolling distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.

The three-storey shophouses take up a total land area of around 4,030 sq ft with a built-up location of 10,735 sq ft. They have been zoned for business usage following URA’s Master Plan 2019 and are to be marketed collectively.

error: Content is protected !!