CBRE Singapore has announced the sale of three freehold strata retail units at 181, 183 & 185 MacPherson Road. Offered at a guide price of $5 million, or $1,331 psf on the total strata area, these units present an enticing opportunity for prospective buyers. Encompassing a combined strata area of approximately 3,756 sq ft, they carry “commercial” zoning under the URA Master Plan 2019.
Leveraging a 20m-wide frontage along MacPherson Road, these units provide a unique chance to acquire an asset that can generate stable income. Michael Tay, Head of Capital Markets for CBRE Singapore, is optimistic about their potential and highlights that “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.”
Buyers seeking to invest in these units can also expect remarkable location advantages. Potong Pasir MRT Station is within walking distance, whilst the property is easily accessible via major expressways such as the Pan-Island Expressway (PIE), Central Expressway (CTE), and Serangoon Road. Additionally, Joshua Giam, Associate Director of Capital Markets at CBRE Singapore, notes that the area lies near the 93ha Bidadari Estate, just a five-minute drive away.
In essence, the opportunity offered by these retail units is a rare combination of finances, location, and strategic investment. Prospective buyers are advised that the property will be sold via an expression of interest exercise, which closes on May 25 at noon. Contact CBRE Singapore today to make a prudent investment in Singapore’s thriving retail market.