Retail units at The Flow in East Coast going for $13.45 mil
By Timothy Tay
/ EdgeProp Singapore |
The Flow is a freehold commercial building at 66 East Coast Road. (Picture: SRI & Savills)
SINGAPORE (EDGEPROP) - Five strata retail units at The Flow, a freehold commercial development at 66 East Coast Road, have been put up for sale with a guide price of $13.45 million. In a joint press release by the marketing agents SRI Capital Market and Savills Singapore, the units will be sold with vacant possession in an expression of interest (EOI) exercise.
The Flow is a seven-storey development in District 15, and other commercial buildings along that stretch of East Coast — including Roxy Square, Katong Plaza, Holiday Inn Express Singapore Katong, and i12 Katong — surround the building. The Flow is near the upcoming Marine Parade MRT Station on the Thomson-East Coast Line. (Find Singapore commercial properties with our commercial directory)
A list of recent new project launches around The Flow can be found on EdgeProp's Landlens tool. (Map: EdgeProp Singapore)
Four units are on the third floor, and each has a strata area of 775 sq ft. The last unit is on the fifth floor and has a strata area of 904 sq ft. The portfolio has a total strata floor area of 4,004 sq ft.
The units can be acquired collectively or individually, with the units on the third floor going from $2,888 psf or the single unit on the fifth floor from $4,978 psf. “District 15 and the East Coast vicinity have seen several new residential developments being completed and recent new project launches. This potentially injects more than 2,000 new units into the locality. This catchment (of residents) will serve as an opportunity for investors and business occupiers within The Flow”, says Low Choon Sin, managing partner of SRI Capital Market.
Table: SRI & Savills
“The portfolio of freehold retail units at The Flow offers vast potential to the purchaser as they may consider exploring alternative uses for the units, such as medical suites, health and wellness services, and education centres,” adds Yap Hui Yee, executive director of Capital Markets, Singapore at Savills.
The EOI for the sale of the retail units closes on July 7.
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