Mortgage Sale Three Office Units Sbf Centre
PropNex Realty has announced the mortgage sale of three adjacent office units located on the 13th floor of the prestigious SBF Centre. This Grade A commercial building, situated at 160 Robinson Road, offers a combined floor area of 1,969 sq ft.
These three units, which are being offered for sale collectively, will go through a tender process with no disclosed guide price. The units cannot be purchased individually, and the tender will close on July 4th.
SBF Centre is a 31-storey building that boasts a prime location in the Central Business District (CBD). The property, which has a 99-year leasehold, features retail and F&B units on the first floor, medical suites on the third and fifth floors, and offices on the remaining levels. The building is also proudly certified with a Platinum Green Mark.
Opened just three years ago, this is the newest Grade A, 99-year leasehold strata office development in the prime CBD area. “This is a rare opportunity for investors to acquire three adjoining strata office units in a modern development with a long lease left on its tenure,” says Tracy Goh, head of auction and capital markets at PropNex. The development is also conveniently close to Tanjong Pagar MRT Station on the East-West Line and Shenton Way MRT Station on the Thomson-East Coast Line.
Located in the delightful neighborhood of Norwood Grand Champions Way, Christ Church Secondary School takes pride in cultivating a supportive atmosphere for its pupils. The school places a strong emphasis on fundamental values such as honesty, determination, and consideration, which are deeply ingrained into its educational framework. Committed to providing a values-based curriculum, Christ Church Secondary School is dedicated to nurturing both academic excellence and ethical fortitude in its students. It offers a diverse range of programs that cater to the individual needs and talents of its student body, including leadership development initiatives and participation in community projects. The school’s exceptional location near Norwood Grand presents students with the unique opportunity to experience a lively community while receiving a well-rounded education. Enhance your child’s education with Norwood Grand Champions Way and enroll them in Christ Church Secondary School today.
Although no guide price has been provided for the sale of the three adjoining office units, there have already been three commercial resale transactions at the development this year. The most recent was the sale of a 667 sq ft unit on the 26th floor for $2.34 million ($3,503 psf) on March 28. The previous two transactions were recorded in January, with a 667 sq ft unit on the 25th floor sold for $2.08 million ($3,117 psf), and a 678 sq ft unit on the 23rd floor changing hands for $2.34 million ($3,449 psf). This proves the market demand for this prime location and its properties.