Prime Commercial Properties in Singapore Listed for Sale
In a noteworthy development within Singapore’s real estate market, three prime freehold assets are currently available for sale, collectively priced at $67 million. These properties present significant investment opportunities and are being marketed through an Expression of Interest process.
Overview of the Available Properties
The featured assets include two commercial buildings located on South Bridge Road along with a shophouse situated on Frankel Avenue. Each property holds unique characteristics that cater to diverse investment strategies.
Details on the Commercial Buildings
The most prominent asset among the listings is located at 80/82 South Bridge Road. This six-storey commercial building occupies a land area of 3,127 square feet and boasts an expansive gross floor area (GFA) of 9,848 square feet. Importantly, this property has unutilised potential allowing for expansion of the GFA to approximately 13,133 square feet, subject to necessary approvals.
This fully leased building holds food and beverage licenses for its first two levels, making it an attractive option for investors targeting the thriving F&B sector. The guide price set for this asset is $40 million, which translates to approximately $4,062 per square foot based on the current GFA or $3,046 per square foot based on maximum allowable GFA.
Additional Asset on South Bridge Road
Not far from the primary asset is another building at 74 South Bridge Road. Similar in structure, this six-storey commercial property features a smaller land area of 1,093 square feet along with a GFA of 5,791 square feet. It is also fully leased and accommodates various tenants.
The guide price for this property stands at $20.5 million or roughly $3,540 per square foot based on existing GFA; it presents a solid investment opportunity given its location and tenant mix.
Shophouse Opportunity on Frankel Avenue
The third listing includes a charming two-storey shophouse located at 89/A Frankel Avenue. This asset has a site area measuring 2,296 square feet and offers a total floor area of 3,441 square feet. It has secured permanent restaurant approval for its ground floor while residential approval exists for the second level.
This dual-purpose nature enhances its appeal as it could serve both commercial and residential needs. The asking price is set at $6.5 million or approximately $1,889 per square foot based on total floor area.
Investment Potential
Given Singapore’s robust economic landscape and continuous market demand for both commercial spaces and mixed-use developments, these properties represent lucrative opportunities for prospective buyers looking to expand their portfolios. Whether considering long-term gains through rental income or capital appreciation via redevelopment options, each property offers distinct advantages that can align with various investment objectives.
For those interested in exploring these offerings further or seeking additional information about similar opportunities in the vicinity, resources such as Dunearn House may provide valuable insights into upcoming listings and market trends.
Source: Original Article