JLL, as the sole marketing agent, are presenting an exclusive opportunity to acquire 64 Club Street – a beautifully restored two-storey conservation shophouse with a basement and attic. Nestled in the bustling cul-de-sac of Club Street, the property is permanently fully approved for restaurant use.

Shophouse for sale - at a glance:

• 40-metre wide dual frontage
• Land area of 2,250 square feet approx.
• Total floor area of 5,618 square feet approx.
• 2 entances - one on Club Street, the other on Ann Siang Road.

Recently, the property underwent a $3 million (approx.) asset refurbishment program that was completed in April 2016. Key features of the renovation include extensive structural works, a newly refurbished building façade, installation of a brand new lift, brand new M&E, lighting, air-conditioning system and full F&B provisions including a grease trap, exhaust system and dumbwaiter. 

Under the 2014 Master Plan, the site is zoned “Commercial” and is located within the Telok Ayer Conservation Area. The asset is fully leased to Caffe B, a Japanese-Italian fusion restaurant which was previously housed at Marina Bay Sands. 64 Club Street is also located next to the Chinese Weekly Entertainment Club, a private millionaire club with a history dating back to 1891.

With windows that span the entire side of the shophouse and high ceilings, 64 Club Street is bathed in an abundance of natural light. The interiors are tastefully designed and completed with opulent solid teak wood and travertine marble finishes. The restoration has transformed a beautiful property into a modern and contemporary space.

64 Club Street was formerly the Pondok Peranakan Gelam Club, a communal home for the Bawean Malay community since the 1930’s. Due to its rich heritage, the property was the 44th historic property in Singapore to be conserved by the National Heritage Board. 

The property is within short walking distance from Chinatown and Telok Ayer MRT stations, and the upcoming Maxwell MRT station. Located within the Central Business District (CBD), the property is also easily accessible to other parts of Singapore via major expressways including the Marina Coastal Expressway (MCE), Ayer Rajah Expressway (AYE) and Central Expressway (CTE).

Having been an exclusive enclave for the Straits Chinese community in the past, Club Street has evolved to become one of Singapore’s trendiest F&B and lifestyle destinations and is popular amongst locals, expats and tourists.

Mr. Clemence Lee, Associate Director, Capital Markets, JLL, said: “Coveted 999-year leasehold shophouses located in the exclusive Club Street area are highly sought after and seldom available for sale. Having been beautifully restored and fully let to an upscale restaurant, 64 Club Street presents a timely opportunity to parties who are looking to own a trophy 999-year income-producing asset which is located in a vibrant F&B and lifestyle destination.”

“With the strong demand for prime conservation shophouses in the CBD seen in Q1 2018, coupled with limited new listings coming into the market, we expect strong interest from investors, such as boutique real estate funds, local companies, family offices and high-net-worth individuals (HNWIs) for this true heritage gem.”

The indicative guide price for 64 Club Street is in the region of $25 million.

As the property sits on land zoned for commercial use, foreigners are eligible to purchase the property. There is also no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) imposed on the purchase of the property. 

64 Club Street is for sale through a Tender process run by JLL.

To receive further information on the property including specs and images or to discuss the shophouse market in Singapore, please phone or email Mr. Clemence Lee, Associate Director, Capital Markets, JLL via the contact details below.

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