>

>

Freehold Lucky Plaza retail unit for sale at $15 mil

/ EdgeProp Singapore |

May 20, 2022 2:45 PM SGT

SINGAPORE (EDGEPROP) - A ground-floor retail unit at Lucky Plaza has been put up for sale by expression of interest. The unit is being offered at an indicative guide price of $15 million, according to CBRE, the sole marketing agent for the sale of this property.

See also: Seven strata retail units at Orchard for sale at $18.8 mil

If the unit is sold at that indicative price, it would translate to about $22,123 psf on the existing strata area.

The 678 sq ft retail unit is beside the main entrance of Lucky Plaza shopping mall, and it is currently tenanted to a convenience mart. The unit enjoys high footfall as it has a prominent location. According to CBRE, the unit features a dual frontage, one along Orchard Road and the other within the mall’s interior arcade.

“This is a rare and compelling opportunity for both investors and owner-occupiers to acquire a ground-floor retail unit within a mall on Orchard Road. Orchard Road-facing freehold retail properties units are usually tightly held and seldom made available for sale,” says Michael Tay, head of capital markets, Singapore, at CBRE.

Locals and foreigners are eligible to purchase this property, which is zoned for commercial use. No additional buyer’s stamp duty or seller’s stamp duty will be imposed on the purchase.

The unit will likely appeal to owner-occupiers who will benefit from the shop's prominent location, and investors can enjoy immediate rental from the property.

The expression of interest exercise for this property closes on June 16.

Check out the latest listings near Lucky Plaza

Tags:

retail lucky plaza freehold

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Government ramps up private housing supply; offers three EC sites on Confirmed List

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

What’s next for Bayshore

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00