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

Stanley Street lies at the cross-section of the CBD, and close to popular attractions like the Chinatown/Outram precinct, Tanjong Pagar business area and Marina Bay. It is within just walking range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.

The 3 shophouses are totally connected throughout their third floor, which has been authorized for workplace use. The second floors are partially connected and are already utilized as a health and fitness and wellness center. The ground storey is completely occupant by a mix of F&B outlets supplying different cuisines, including Australian and Middle Eastern.

The tender concludes on March 28 at 3pm.

The three-storey shophouses take up a total land area of approximately 4,030 sq ft with a built-up area of 10,735 sq ft. They have actually been zoned for commercial usage under URA’s Master Plan 2019 and are to be sold jointly.

The property sits at the limit of the Downtown Core and within the Telok Ayer Conservation Shophouse enclave. It has actually been meticulously conserved to preserve its authentic surface building components, the press release claims.

Knight Frank Singapore’s executive supervisor of resources industry, Mary Sai, expects the commercial property to draw in investors whose purposes are wealth preservation, stable returning revenue and significant funding appreciation gradually.

The Arcady @ Boon Keng showflat

“This uncommon estate presents an opportunity for buyers to own and operate a piece of restricted conservation land in Singapore. The shophouses are in a historic area, yet measures away from the bustling city of the CBD. Its old-world beauty draws in tourists, while the nearby range of eateries draw the office people and food fans within the day,” she includes.

Three connected conserved shophouses at 4, 5 and 6 Stanley Street in Chinatown, prime District 1, have already been put up for sale by tender for $61.6 million, the commercial properties’ special marketing agent Knight Frank Singapore released in an announcement on Jan 3.

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