Two strata-titled units at Orchard Towers (below) on Orchard Road have been put up for sale by expression of interest (EOI). The guide price for the units — one on the ground floor and the other in the basement — is $63 million. According to Cushman & Wakefield, the appointed agent, both units will be sold with existing tenancies.
The 4,198 sq ft ground-floor unit is currently leased to a 24-hour convenience store, a tailor, restaurant and a jewellery shop. The 3,907 sq ft basement unit is leased to a food court operator. The gross monthly rent achieved by both units is about $141,000.
The EOI closes on July 26.
Source: Cushman & Wakefield