logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Singapore
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
+65 6224 8181
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Global Investors)
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Office
      • Retail
      • Industrial & Logistics
      • Data Centres
      • Hotels
      • Japan Desk
      • Residential
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Capital Advisors
      • Consulting
      • Host
      • Investment Accounting & Reporting Solutions
      • Leasing & Advisory
      • Project Finance
      • Property Management
    • Services for Occupiers
      • Enterprise Facilities Management
      • Host
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Project Finance
      • Transaction Management
      • Workplace
  • Properties
    • Office
      Retail
      Industrial
      Flexible Office
      Residential
      Shophouse
      Hospitality
  • Research & Reports
    • About Research
      Singapore Research Archives
      South East Asia Research
      Asia Pacific Research
      Global Research Gateway
      Global Research Gateway Support
  • People & Offices
  • About CBRE
    • Careers
      Client Tools
      Corporate Information
      Corporate Responsibility
      Case Studies
      Investor Relations
      Media Centre
      Asia Media Centre
      Expert Opinions
      CBRE 60 Anniversary

Previous

Press Release
CBRE Comments: Tender results for commercial and residential site at Upper Serangoon Road

Next

Press Release
F&B Will Remain the Key Leasing Demand Driver of Retail Space in Singapore
  • Raffles Place Ground Floor Retail Unit for Sale

Raffles Place Ground Floor Retail Unit for Sale

June 6, 2017
  • Email
  • Share
  • Tweet
  • Share

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.

Located at the ground floor of Prudential Tower (30 Cecil Street), the 5,715 sq ft (approximately) space is the only retail unit in the building. The unit benefits from dual prominent main road frontages – Cecil Street and Church Street, and enjoys exceptional pedestrian footfall from the traffic junction.

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.”
“In every major city, retail units with such prominent street frontage are extremely sought after by businesses. This unit offers a diverse range of commercial uses (e.g. showroom/service centre/banking hall) to leverage its visibility and we believe investors will be extremely keen to evaluate,” Galven added.

The guide price for the 5,715 sq ft unit is $20.8 million, which works out to $3,639 psf.
CBRE is the exclusive marketing agent for this Public Tender Exercise.
The tender closes on 11 July 2017, Wednesday at 3 pm.
 

 

 

 

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Media Contacts

liching
Li Ching Seah
Associate Director
Singapore
Marketing & Communications
+65 6326 1209
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • People & Offices
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Policy
  • Singapore Privacy Policy
  • Sitemap
  • Disclaimer
  • Terms of Use
  • LinkedIn
  • Twitter
  • Youtube
  • Facebook
  • Instagram