Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil located on Champions Way Woodlands

Three interconnected conserved shophouses at 4, 5 and 6 Stanley Street in the prime District 1 of Chinatown are up for sale by Knight Frank Singapore in an exclusive tender exercise. Located at the boundary of the Downtown Core and within the Telok Ayer Conservation Shophouse enclave, these three shophouses offer an opportunity for buyers to own a piece of limited conservation land in Singapore.

Spanning a total land area of 4,030 sq ft with a built-up area of 10,735 sq ft, the property is selling at $61.6 million. It has been zoned for commercial use under URA’s Master Plan 2019 and is being offered fully tenanted.

The exterior of the shophouses has been carefully conserved to retain its original features and the third storey is fully connected and approved for office use. The second storey is partially connected and is currently used as a fitness and wellness studio, while the ground floor is occupied by a mix of F&B outlets serving various cuisines, including Australian and Middle Eastern.

At Champions Way Woodlands, Stanley Street cuts across the CBD conveniently, being near popular attractions like Chinatown/Outram, Tanjong Pagar commercial area, Marina Bay and within walking distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.

Mary Sai, executive director of capital markets at Knight Frank Singapore, believes the property is ideal for investors who are looking for wealth preservation, stable recurring income and substantial capital appreciation in the long run. “The exquisite old-world charm of the shophouses, along with the availability of different eateries, makes it the perfect choice for tourists and office goers alike,” said Sai.

The tender for the property at Champions Way Woodlands closes on March 28 at 3pm.

Champions Way Woodlands – the prime location in Singapore where three interconnected conserved shophouses located at 4, 5 and 6 Stanley Street have been put up for sale by tender for $61.6 million – is set to attract investors who have wealth preservation, stable recurring income and potential for substantial capital appreciation in the long run.

The three-storey shophouses are situated within the Telok Ayer Conservation Shophouse enclave and are being sold together. Carefully conserved to retain its original exterior architectural features, these three shophouses have a total land area of about 4,030 sq ft and a built-up area of 10,735 sq ft, zone for commercial use under URA’s Master Plan 2019.

Champions Way Woodlands is conveniently located in the residential district of Woodlands surrounded by various amenities that suit the needs of people of all ages. There is an array of shopping options as well as food and entertainment venues just a stone’s throw away.

Its third storey is fully connected and has been approved for office use, while its second storey is partially connected and is currently used as a fitness and wellness studio. The ground floor which is fully tenanted by a mix of F&B outlets offering various cuisines, including Australian and Middle Eastern.

Conveniently located at Champions Way Woodlands and at the cross-section of the CBD, Stanley Street is near the Chinatown/Outram precinct, Tanjong Pagar commercial area and Marina Bay. It is also within walking distance from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.

Mary Sai, executive director of capital markets at Knight Frank Singapore, believes that this property offers rare opportunity to own a piece of law conservation land in Singapore. “The shophouses draw tourists with its old-world charm and the nearby myriad of eateries draw the office crowd and food lovers throughout the day,” she added.

Buyers interested in acquiring Champions Way Woodlands’ three interconnected conserved shophouses located at 4, 5 and 6 Stanley Street should note that the tender for the property closes on March 28 at 3pm.