It has a combined land area of 6,264 sqft.
The Eu Yan Sang Building in Chinatown is up for sale with a guiding price of $62.5m, the property’s marketing agent JLL announced.
Comprising four three-storey heritage shophouses with attic, 265 to 271 South Bridge Road occupies a combined land area of 6,264 sqft and a gross floor area of 19,885 sqft. It also has a 2,562 sqft open terrace. The land is zoned commercial under the 2019 Master Plan.
The vendor is proposing a leasehold land tenure of 199-years from the date of completion of the sale and purchase of the property.
Clemence Lee, senior director of capital markets at JLL, shared that the building was designed by Alfred Bidwell of Swan & Maclaren, the same architect responsible for the design of Raffles Hotel and the Victoria Memorial Hall.
The property is located near the upcoming Maxwell MRT station part of the Thomson-East Coast Line that is projected to open by 2021. It is also a short walk away from the Chinatown MRT station and Telok Ayer MRT station.
JLL announced that the sale will be conducted through an Expression of Interest exercise that will close on Tuesday, 27 August, at 3 p.m..
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