Five strata-titled F&B and childcare centre units for sale at The Hilford from $2,300 psf
By EdgeProp Singapore
/ EdgeProp Singapore |
The Hillford, with 281 residential units and 18 strata shop units, was completed in 2017 (Photo: CBRE)
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At The Hillford on Jalan Jurong Kechil, five commercial units have been offered for sale. Three of the five are adjoining units approved for F&B use, and sizes ranging from 592 sq ft to 678 sq ft. One of the remaining units, a 2,713 sq ft unit, has been approved for use as a childcare centre. The final unit of 538 sq ft has currently been approved for use as a commercial school, although it has an underlying permanent approval for use as a clinic.
The entire portfolio has a total strata area of 5,124 sq ft and is available for sale at $12.3 million ($2,400 psf). However, these units are also available for sale individually, starting from $1.2 million for a 538 sq ft unit or $2,230 psf. CBRE is the exclusive marketing agent for the property.
The Hillford is a mixed-use development with 18 strata-titled shop units on the ground floor and 281 residential units spanning the second to the seventh floors. Developed by World Class Global, the property development arm of Aspial Corp, The Hillford was completed in 2017.
The childcare centre unit at The Hillford (Photo: CBRE)
With a 60-year lease, The Hillford was initially positioned as a retirement resort. When it was launched in January 2014, all 281 residential units were snapped up in a single day at an average price of $1,104 psf.
As the 60-year lease is from February 2013, the property has a remaining lease of 50 years. The last transaction of a shop unit was in May last year, when a 312 sq ft unit changed hands for $842,000 ($2,697 psf), based on the caveat lodged with URA Realis.
"The property benefits from a ready catchment of affluent residential neighbourhoods at Beauty World and Hillview," says Joshua Giam, associate director of capital markets, Singapore at CBRE.
The units are for sale via expression of interest, which will close on November 15.
Check out the latest listings for The Hillford properties
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