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.
Disclaimer:
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.
