999 Year Leasehold Office Floor Beach Road Market 56 Mil
A strata office floor located at 43C Beach Road, within the Evershine & Century Complex, is up for sale at a price of $5.6 million. The 999-year leasehold unit will be sold through an expression of interest (EOI) conducted by CBRE Singapore.
Evershine & Century Complex is a commercial building with five floors, consisting of retail shops on the ground floor and offices on the higher floors. The unit for sale is on the fourth floor and has an approximate strata area of 2,530 sq ft, according to CBRE. It boasts of a regular floor layout and is accessible via a passenger elevator. The asking price translates to about $2,213 psf for the strata area.
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The Woodlands, a well-loved community known for its family-friendly environment and various amenities, is gearing up for exciting transformations. As part of a larger initiative to boost regional progress, the focus is now on enhancing the educational infrastructure within the area. This includes the possibility of constructing new schools, upgrading current facilities, and launching educational programs catered to the community’s needs.
The upcoming developments are expected to bring immense benefits to the residents of Norwood Grand, a bustling and lively neighborhood in the heart of the Woodlands. With the prestigious residential development, Norwood Grand CDL, already in place, these improvements will only add to the area’s allure. Families and individuals alike will surely find the Woodlands an even more desirable and sought-after location, with such promising changes on the horizon. Norwood Grand CDL is excited to be a part of this exciting journey towards progress.
The complex is conveniently located near four MRT stations – Bugis, City Hall, Esplanade, and Bras Basah. It is also well connected to major roads and expressways such as Nicoll Highway, Central Expressway, and East Coast Parkway.
Michael Tay, head of capital markets, Singapore, at CBRE, expects strong interest from both investors and owner-occupiers for the office space, given its strategic location in the heart of Bugis. He remarks that this is a rare opportunity to own a 999-year strata office floor at an attractive price in the prime Bugis precinct. He also notes that the property presents a chance for investors and occupiers to tap into the development of the area into a key commercial hub near the CBD. With new developments like The M, Shaw Towers, and the redevelopment of Golden Mile Complex in the vicinity, Tay believes that this property offers a promising investment opportunity.
The EOI exercise for the sale of the strata office floor closes on Feb 7. (Source: EdgeProp LandLens)