Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil
Stanley Road is located at the cross-section of the CBD, and nearby well-known destinations like the Chinatown/Outram precinct, Tanjong Pagar commercial area and Marina Bay. It is just within roaming range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.
“This rare estate provides an opportunity for customers to possess a part of minimal conservation land in Singapore. The shophouses are in a historical location, yet moves away from the busy metropolitan area of the CBD. Its old-world appeal attracts travelers, while the neighboring myriad of dining establishments attract the office crowd and food lovers throughout the day,” she includes.
The three-storey shophouses take up a complete land area of about 4,030 sq ft with a built-up area of 10,735 sq ft. They have actually been zoned for business usage within URA’s Master Plan 2019 and are to be offered collectively.
Three linked conserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have been put up for sale by tender for $61.6 million, the real properties’ exclusive marketing representative Knight Frank Singapore announced in a press release on Jan 3.
The real property settles at the limit of the Downtown Core and in the Telok Ayer Conservation Shophouse territory. It has been carefully conserved to retain its initial facade building attributes, the media release mentions.
Knight Frank Singapore’s managing supervisor of funding markets, Mary Sai, projects the building to attract financiers whose purposes are assets preservation, stable recurring earnings and substantial capital appraisal over time.
The tender concludes on March 28 at 3pm.
The three shophouses are totally connected all around their 3rd floor, which has been accepted for workplace purpose. The second floors are partially linked and are currently made use of as a fitness and wellness studio. The ground level is fully tenanted by a mix of F&B outlets offering different delicacies, including Australian and Middle Eastern.