A collection of strata office units located at Sunshine Plaza, an open-air development located in the Bras Basah-Bugis region available for sale via an expression of Interest (EOI) procedure. The portfolio is comprised of 12 office units that have dimensions ranging from 484 sq ft to 1,346 square feet and a total space of 9805 sq feet.
J’Den sales gallery an opportunity to create an exceptional development that takes full advantage of the upcoming transformation in Jurong Lake District.
The estimated price of office spaces starts at $932,000 and goes up, with the entire portfolio being sold at a asking cost of $18.4 million.
“The portfolio comprised of 12 units provides buyers the option of purchasing units according to their needs and investors can get yields ranging from 3.5% onwards for selected owners and tenants can find units to take possession immediately,” says Sophia Lim director of capital markets and investment sales in Savills Singapore.
Sunshine Plaza is a mixed-use development situated at the intersection between Bencoolen Street as well as Middle Road, within the Ophir-Rochor Corridor. It consists of an office tower that is 12 stories high as well as a retail plaza and three residential blocks that contain 160 housing units. The development is located within walking distance to five MRT stations: Bencoolen (one-minute walking), Bras Basah (three-minute walk), Rochor (seven-minute walk), Bugis (10-minute walk) and Dhoby Gaut (10-minute walk).
The EOI submission process for the portfolio will end on November 21 at 3pm.