Five adjoining shophouses in CBD for sale at $28.5 mil

A detached island-site of five adjacent shophouses are recently put out for transaction at a base figure of $Twenty Eight point Five mil.

The Florence Residences Showflat Location

The island position comprises two land titles. A single title is actually for One, 3, also 5 Club Street in which are three floor shophouses with roof space. The another title is intended for Seven and also Nine Club St in which are two-storey shophouses.

The shophouses rest on a combined land of approximately 3thousand 5hundred 57 sq ft, with an approximation total built up size of approximately 7thousand 2hundred 25 square feet. Accorded to the total flooring space, the model figure interprets to roughly $3,945 psf.

Savills S’pore has already been selected the exclusive marketing representative intended for the real estate.

The shophouses come with F&B permissions for the whole first storey, and that is at this time rented to F&B operators including Merci Marcel Bistro, Parallel Coffee Roasters also Yen Bar. The top storeys are business offices at present taken up by MNC leaseholders.

The island-site comes with a 50m-wide three road frontage along Cross St, Club Street and even Gemmill Lane. Positioned directly over Far East Square and also Cross St Exchange, the premises is just within walking proximity to Telok Ayer Mass Rapid Transit Terminal.

“This is a rare also minimal possibilities to purchase a charming flagship island position of five beautifully revitalized adjoining shophouses for potential naming and signs rights,” claims Sophia Lim, associate director, inv sales & capital mkts at Savills S’pore.

Considering that the shophouses remain on land section for commercial benefit, immigrants as well as organizations are eligible to acquire the real properties.

The expression of interest operation to get the shophouses will terminate on Mar29 at 3:00pm.

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