Rare Ground Floor Retail Unit with 2 Main Road Prominent Frontage for Sale via Public Tender
Singapore 6 June 2017 - CBRE is pleased to present a rare Raffles Place retail offering for sale by Public Tender.
Prudential Tower is directly connected via underpass to Raffles Place Interchange MRT Station EW14/NS26 (approximately 100m) and is approximately 180m from Telok Ayer MRT Station (DT 18).
The unit has tremendous retail potential. It enjoys a double volume entrance which enhances its visibility and grandeur. Subject to the relevant authorities’ approval, other uses include F&B, retail, showroom or banking hall. It is currently tenanted to Prudential Assurance as a service centre.
Galven Tan (陈威礽), Director, Capital Markets, CBRE said, “The key selling point is the prominent double main road frontage that the unit enjoys, which makes the unit extremely visible to both vehicular and pedestrian traffic. Such an opportunity in the heart of Raffles Place is hardly available.”
The guide price for the 5,715 sq ft unit is $20.8 million, which works out to $3,639 psf.
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