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

“This uncommon real estate presents a possibility for buyers to own a part of limited preservation land in Singapore. The shophouses are in a traditional location, yet measures far from the bustling metropolis of the CBD. Its old-world charm draws in travelers, whereas the neighboring variety of eateries draw the office group and food fans all throughout the day,” she adds.

The three shophouses are fully attached all around their 3rd storey, which has actually been authorized for office purpose. The 2nd floors are in part linked and are already used as a health and fitness and wellness studio. The ground level is totally tenanted by a mix of F&B shops providing various cuisines, including Australian and Middle Eastern.

Tembusu Grand Singapore

Three linked preserved shophouses at 4, 5 and 6 Stanley Street in Chinatown, prime District 1, have already been offered by tender for $61.6 million, the real properties’ exclusive advertising and marketing broker Knight Frank Singapore publicized in a press release on Jan 3.

Stanley Street is located at the cross-section of the CBD, and nearby well-known destinations including the Chinatown/Outram district, Tanjong Pagar retail location and Marina Bay. It is within roaming range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.

The tender concludes on March 28 at 3pm.

Knight Frank Singapore’s executive director of capital industry, Mary Sai, projects the building to attract investors whose goals are money preservation, steady recurring earnings and substantial funding appraisal gradually.

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

The property rests at the border of the Downtown Core and within the Telok Ayer Conservation Shophouse enclave. It has been very carefully conserved to retain its initial outside building components, the media release states.

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