Liberty House at 51 Club Street put up for sale at S$120m
LIBERTY House at 51 Club Street has been put up for sale via expression of interest at an indicative price of S$120 million.
This translates to around S$4,155 per square foot on a total gross floor area of 28,876 square feet, exclusive marketing agent CBRE said in a press statement on Monday (Oct 17).
The five-storey commercial building has a 999-year tenure and was extensively refurbished in 2011. It comes with office specifications, a passenger lift that serves all floors in the building and a private parking facility with five lots.
Its 60-metre-wide dual road frontage along Club Street also offers highly visible naming and signage opportunities to the new owner or an anchor tenant, CBRE executive director of capital markets Clemence Lee said.
Liberty House is within walking distance of Telok Ayer MRT station, Tanjong Pagar MRT station and Chinatown MRT interchange. It is also near the upcoming Maxwell MRT station, which will open at the end of 2022.
The property is also in the vicinity of The Chinese Weekly Entertainment Club, one of the four “Millionaire’s Club” in Singapore. It also stands to benefit from a new 19-storey four-star hotel projected for completion in Q1 2023. The hotel, which will bring around 900 new rooms to the area, is expected to generate positive spillovers for businesses around Club Street, CBRE said.
As it is zoned for commercial use, foreigners and corporates are eligible to purchase Liberty House with no additional buyer’s stamp duty or seller’s stamp duty.
The expression of interest exercise will close at 3 pm on Nov 22, 2022.
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