Shophouse at 64 Club Street up for sale with $25 mil price tag
By Bong Xin Ying
/ EdgeProp |
A restored two-storey conservation shophouse at 64 Club Street (above, right) is up for sale at an asking price of $25 million, according to exclusive marketing agent JLL.
The 2,250 sq ft site has a GFA of 5,618 sq ft and is located in the Telok Ayer Conservation Area. As it is zoned “commercial” under the 2014 Master Plan, foreigners are eligible to purchase the property. There is also no additional buyer’s stamp duty or seller’s stamp duty imposed.
64 Club Street (Credit: JLL)
Situated in the cul-de-sac of Club Street, the property has a 40m-wide dual frontage and comes with a basement and an attic. It is permanently fully approved for restaurant use. There are two entrances to the property — one on Club Street and the other on Ann Siang Road.
The shophouse is fully leased to Caffe B, a Japanese-Italian fusion restaurant, and is located next to the Chinese Weekly Entertainment Club, a private millionaire’s club with a history going back to 1891.
In April 2016, the shophouse was refurbished for about $3 million. The asset enhancement programme included extensive structural works, a new building façade, installation of a brand-new lift, an air-conditioning system and full F&B provisions. The heritage property was transformed into a modern and contemporary space.
Located within the Central Business District, the site is a short walk from the Chinatown and Telok Ayer MRT stations as well as the upcoming Maxwell MRT station.
The public tender exercise for 64 Club Street closes on June 1.
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