Bookmark & Share
A unit that represents half of Prudential Tower’s Level 11 has been put up for sale by expression of interest (EOI), marketing agent CBRE announced Thursday (16 October).
With a strata area of 5,102 sq ft, the unit is currently leased to three tenants, with the tenancies expiring in 2Q and 3Q 2015. CBRE said end-users have the opportunity to potentially occupy all or parts of the space while leasing the remainder.
The asking price for the unit is in excess of S$2,800 per sq ft, which translates to about S$14.3 million.
According to CBRE, this is on the back of the sale a 5,952 sq ft unit which represents the other half of Level 11 at S$2,750 sq ft, which the property consultancy brokered earlier this year.
Located at the intersection of Cecil Street and Church Street, 30-storey Grade A strata office building Prudential Tower is served by both Reffles Place and Telok Ayer MRT stations. Galven Tan, Director for Investment Properties at CBRE, said: “Prudential Tower is an excellent office building in the heart of Raffles Place that boasts Grade A specifications, and the owner is currently finalizing plans to further enhance the current two-storey height modern lobby.”
The EOI exercise will close on 27 November.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this and other stories, email nikki@propertyguru.com.sg
Related Articles:
Office sector posts S$1.7bil investment sales in Q3