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A total of 43 prime shop/office strata units at Singapore Shopping Centre (pictured) have gone on sale by Expression of Interest (EOI), said marketing agent CBRE.
This provides potential buyers with an opportunity to acquire either entire or half floors of shops and offices on the 4th and 6th levels of the building.
Located along Clemenceau Avenue off Orchard Road, the seven-storey complex enjoys high visibility with three road frontages and access to a nearby MRT station. Moreover, there are also 44 car parking lots.
The units for sale cover over 22,980 sq ft and account for 22.6 percent of the property’s total strata area and 19.8 percent of total share value, if wholly-acquired.
But if buyers opt for smaller parcels, three portions will be made available. The first parcel covers 16 units or 8,654 sq ft on the 4th floor. The remaining two parcels are on the 6th floor: a 10,797 sq ft space comprising 18 contiguous units and 3,529 sq ft of vacant space within nine units.
“The Vendor is looking for offers in the region of S$38 million or approximately S$1,650 psf on the strata area. Contiguous shop/office strata space off Orchard Road is difficult to come by and Singapore Shopping Centre, with its strategic location and close proximity to Dhoby Ghaut MRT, will be ideal for various businesses such as education, retail, F&B and lifestyle,” noted Alex Chow, Assistant Manager for Investment Properties at CBRE.
The EOI for the property will close on 16 April.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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