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The retail podium at Yishun 10 Complex is up for sale by expression of interest (EOI), appointed marketing agent DTZ Debenham Tie Leung (SEA) announced earlier this week.
The ground floor retail podium is part of the 4-storey Yishun 10 Complex, which comprises a 10-hall cineplex on the upper floors operated by Golden Village. The development, located at the junction of Yishun Central and Yishun Central 1, offers a total strata area of approximately 10,398 sq ft and comes with three levels of basement carpark.
In a press release, DTZ said the property offers “very attractive and stable rental income,” as it is currently 100 percent tenanted – many by food and beverage businesses. The shops are suitable for a variety of retail trades including restaurants, gaming and entertainment centres, clinics and convenience stores.
According to DTZ’s Senior Director for Investment Advisory Services, Swee Shou Fern, given the rarity of the property, it is expected to attract much interest from both investors and end-users due to its favourable location and vast catchment area, which naturally generate high levels of footfall.
“Investors can explore further subdivision of the strata units, subject to authorities’ approval, for sale later,” Swee said.
Meanwhile, in response to an enquiry by CommercialGuru, DTZ said the units come with an indicative price of S$48 million.
The EOI exercise will close on 21 June.
Nikki De Guzman, Editor at CommercialGuru, edited this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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