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The units are Peninsula Plaza are fully tenanted, making them excellent for investors looking for a stable income. Meanwhile, potential investors for the units at Sim Lim Square can enjoy the rejuvenation of the location, with new residential properties coming up in the area. Image: Colliers International
A portfolio of six strata commercial units at Peninsula Plaza and 11 strata commercial units at Sim Lim Square has been launched for sale via expression of interest (EOI), revealed marketing agent Colliers International.
Located at the ground floor, the six strata units at Peninsula Plaza carry an indicative price of $22 million.
With sizes ranging between 452 sq ft and 990 sq ft, the 999-year leasehold units enjoy prominent frontage along North Bridge Road as well as at various entrances.
They are also fully tenanted, making them excellent for investors looking for a stable income, said Steven Tan, Senior Director of Investment Services at Colliers International.
Located at the junction of Coleman Street and North Bridge Road, Peninsula Plaza is situated at the heart of the Civic District, near the City Hall MRT Interchange station.
The 11 strata units, on the other hand, can be found on Level 5 of Sim Lim Square and carry an indicative price of $20.805 million.
Measuring between 291 sq ft and 506 sq ft, the 11 commercial units face the central atrium and have direct access to the escalators.
“Sim Lim Square is located at the centre of the Beach Road/Rochor-Ophir Corridor which is currently undergoing a makeover. With the completion of DUO and surrounding sites undergoing construction such as Guoco Midtown, The M and Shaw Towers adding to the list recently, this area is poised for future development and growth. Hence, Sim Lim Square stands to benefit from the rejuvenation and hence offering potential upside for its investors,” said Tan.
He noted that the 17 strata commercial units can be acquired collectively or individually.
And since they are commercial properties, both locals and foreigners can acquire them with no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) payable.
The EOI exercise for the properties closes on 10 December.
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