Several prime commercial properties are currently available for sale in Singapore, including two notable listings along Balestier Road and River Valley Road. Together, these properties are being offered at a combined price of $75 million, attracting attention from both local and foreign investors. The competitive nature of Singapore’s real estate market makes these listings particularly appealing for buyers looking to capitalize on the city-state’s vibrant commercial landscape.
The first of the two properties is located at 453 Balestier Road. This freehold property comprises five two-storey conservation shophouses, showcasing the unique architectural heritage of the area. With a gross floor area of approximately 20,089 square feet, the property is listed at $50 million. Its strategic location is enhanced by its proximity to Health City Novena and Beacon International College, which are expected to drive foot traffic and enhance overall rental potential.
The Balestier Road property is projected to achieve rental yields exceeding 3% when fully leased, making it an attractive investment opportunity. Investors will be keen to explore the possibilities of this site, given the ongoing development in the vicinity.
The second property, situated at 268 River Valley Road, features a four-storey serviced apartment complex. This listing includes 12 residential units along with a retail food and beverage (F&B) unit, priced at $25 million. The dual-use nature of this property provides both residential and commercial income streams, particularly advantageous in a market where diverse offerings are increasingly favored by tenants.
The River Valley Road location is known for its vibrant community and accessibility, further enhancing its attractiveness to potential buyers and renters alike.
Both properties will be sold through an expression of interest process, which is scheduled to close on June 2. This method allows buyers to submit their best offers within a specified timeframe, creating a competitive bidding environment. The process is open to all interested parties, subject to the necessary approvals, thereby inviting a broader spectrum of potential buyers.
This inclusive approach aims to maximize interest and ensure that the properties receive comprehensive attention from the market.
Investors observing these listings are not just looking at the properties themselves but also the broader economic trends in Singapore’s real estate market. The ongoing urban development initiatives and the growth of surrounding businesses will likely provide a favorable backdrop for operating these commercial spaces.
As interest in Singapore’s commercial real estate sector continues to rise, particularly in prime locations, these properties along Balestier Road and River Valley Road present significant opportunities for investment. The combination of historical charm, modern functionality, and strategic location positions these listings as noteworthy options in a bustling market.
RETAIL & OFFICES SPACE FOR SALE: FORTUNE CENTRE
Fortune Centre offers a diverse selection of retail and office spaces for sale, catering to small and medium-sized enterprises.
With modern amenities and a strategic location, it presents a great opportunity for businesses seeking flexible solutions.
View FORTUNE CENTRE Retail Shops and Offices for sale by contacting 6200 6220.
News Source: Edgeprop
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