Three retail units along MacPherson Road up for collective sale at $5 mil
By Jennifer Venkat
/ EdgeProp Singapore |
The adjoining units are located at 181, 183 & 185 MacPherson Road and are currently vacant. (Photo: CBRE)
SINGAPORE (EDGEPROP) - Three freehold strata retail units are up for sale at a guide price of $5 million, or $1,331 psf on the total strata area. The adjoining units are located at 181, 183 & 185 MacPherson Road and are currently vacant. The units are being marketed by CBRE Singapore.
The units are zoned for “commercial” use under the URA Master Plan of 2019 and have a 20m-wide frontage along MacPherson Road. They have a combined strata area of approximately 3,756 sq ft. (Find Singapore commercial properties with our commercial directory)
Map and overview of 181 MacPherson Road(Source: EdgeProp LandLens)
The units provide an opportunity for buyers to acquire an asset that can generate stable income, says Michael Tay, head of capital markets for CBRE Singapore. “The incoming owner will have the flexibility to explore several value-add angles to reposition the asset and improve its rental command in the long term, given the strong retail demand in the area,” he adds.
The units are located within walking distance of Potong Pasir MRT Station and are accessible by major arterial roads such as the Pan-Island Expressway (PIE), Central Expressway (CTE) and Serangoon Road. Joshua Giam, associate director of capital markets at CBRE Singapore, also notes that the area is close to the 93ha Bidadari Estate, which is a five-minute drive away.
The sale of the property will be conducted via an expression of interest exercise which closes on May 25 at 12pm.
Check out the latest listings near MacPherson Road, Potong Pasir MRT Station
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