Singapore’s six strata-titled ground floor retail unit has been put up for sale by public tender last 11 Aug, CBRE reported.
Situated along the junction of Upper East Coast Road and Siglap Road close to some Singapore Property like The Flow @ East Coast. With around 5.985 sq ft strata area, this freehold retail unit commands 35.2% stake total share value of the 4-storey mixed development.
Defined for commercial use, both foreigners and local are allowed to purchase with no sellers’ stamp duty (SSD) charged on the purchase as well as no additional buyers’ stamp duty (ABSD), CBRE stated.
According to Associate Director for Investment Properties at CBRE, Mr Sammi Lim, the asset offers property investors a rare and very great opportunity to invest a whole retail asset in a Singapore’s tightly held strata retail market, with potential for rental renewal upside and a secure income stream.
The indicative sale price for this property is S$23 million, end of tender exercise will be on 16 September, CBRE stated.
