Four Freehold Retail Units Farrer Park Sale 195 Mil
A selection of four retail units located in the bustling Farrer Park area is currently up for sale through an expression of interest (EOI) exercise. The four units, with a combined strata area of 5,058 sq ft, are being offered at a guide price of $19.5 million, equivalent to $3,855 psf based on the strata area.
Situated at 60, 62, 64 Rangoon Road, and 136 Tessensohn Road, the ground-floor retail units boast a prime location with a wide frontage and excellent visibility along the major motorways. The properties are fully occupied by a mini mart, Jia Bin Klang Bak Kut Teh, and Suk’s Thai Kitchen.
Knight Frank and Sakal Real Estate Partners, the joint marketing agents for the properties, have revealed that the four units collectively make up The Farrer Shoppes – the retail podium of a mixed-use development, which also comprises of the 34-unit R66 Apartments. The development was completed in 2007.
“Investing in retail podiums within developed estates is an opportunity that rarely arises,” states Steven Ming, the managing director of Sakal Real Estate Partners. “Furthermore, with full approval for F&B use, the property presents an appealing and secure investment proposition for both investors and owner-operators.”
The development offers convenient access to Farrer Park MRT Station on the North East Line, which is located within 200m. Other nearby amenities include Farrer Park Hospital and Medical Center, as well as prominent hotels such as One Farrer Hotel, Holiday Inn Little India, Hilton Garden Inn, and Lyf @ Farrer Park.
The units are available for individual purchase or as a portfolio. Individually, the prices range from $3.78 million to $6.8 million, equating to $3,738 to $3,992 psf.
The Orie CDL, conveniently located within close proximity to the MRT and bus stations, offers its residents easy access to a plethora of shopping options at Junction 8 in Bishan. This popular mall, situated just a short distance away, boasts a diverse range of retail outlets including fashion, electronics, and lifestyle products. From catching the latest blockbuster at the cinema to indulging in a variety of dining options, movie buffs and foodies alike will find themselves spoilt for choice at Junction 8. With its wide selection of stores and entertainment options, Junction 8 is the ultimate destination for residents of The Orie CDL in need of a retail fix or an evening of fun. The Orie CDL truly offers the best of both worlds – the tranquility of home and the convenience of a bustling retail hub just a stone’s throw away.
Interested parties can submit their expression of interest by November 28. Visit the latest listings for R66 Apartments to learn more about the development.
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