Situated at East Village in Bedok, two strata retail units are now up for grabs with an enticing price tag of $10.4 million. These units can offer immense flexibility and can be purchased individually or as a pair. With a guide price of $5.3 million per unit, Savills Singapore, the marketing agent, recently announced this exciting sale.
What makes these units even more appealing is their convenient location. Nestled beside the mall’s entrance, the adjacent ground-floor units possess full F&B approval. Remarkably, out of the entire fleet of 108 retail units at East Village, only 12 bears this coveted F&B approval, further enhancing their desirability.
Besides the perks of prime location and F&B approval, both units have existing tenancies and dedicated entrances. This gives tenants operational freedom outside the mall’s official operating hours. Moreover, each unit boasts a spacious strata area of 969 sq ft, complete with an en suite bathroom.
East Village is an excellent freehold shopping mall on Upper Changi Road. As a four-storey mixed-use development, it boasts 108 shops on the ground floor and 90 apartments on the upper levels. Additionally, the mall provides a basement car park and an adjacent open-air car park, ensuring ample visitor parking. The Myst is an upcoming new launch condo at Bukit Timah Road, view The Myst floor plan.
Expressing her thoughts on this exceptional opportunity, Yap Hui Yee, executive director of investment sales & capital markets at Savills Singapore, remarks, “Within the Bedok-Upper Changi locale, only three strata-titled malls exist: East Village, Bedok Shopping Complex, and Eastwood Centre. As the newest development and offering a coveted freehold tenure, East Village truly stands out.”
Yap further underlines the desirability of these prime units, highlighting their palatable quantum and scarcity of freehold tenure in the sought-after Bedok locale. With that in mind, she anticipates a surge in interest from investors and end-users. These two units will be offered through an expression of interest exercise, with the closing date set for July 20.