Freehold Retail Podium Near Orchard with Excellent Frontage
Over 80-metre wide road frontage with excellent visibility
Potential naming and signage rights 1 onto Clemenceau Ave and Oxley Rise
Approved for F&B on ground floor – potential to curate a trendy F&B enclave featuring wine bar, cafes, bistros and speciality dessert shops
Approved for retail on 2nd floor – flexibility to convert to office, commercial school, childcare, showroom, fitness centre and medical related uses such as aesthetics, dentistry and chiropractic 2
Short walk to Dhoby Ghaut & Somerset MRT station
Income support of 4% yield for Year 1
14 dedicated carpark lots
1 Subject to approval from MCST
2 Subject to approval from relevant authorities
CBRE, as the exclusive marketing agent, is pleased to present for sale a rarely available freehold 2-storey commercial podium located in between Orchard Road and CBD.
Located at The Rise @ Oxley, the two-storey commercial podium has a total strata area of 16,459 sf and a share value of 28% out of the entire development. It enjoys excellent visibility and has over 80-metre wide road frontage along Oxley Rise. All units on the ground floor is approved for F&B use.
The property has excellent accessibility and is within short walking distance to Dhoby Ghaut and Somerset MRT Station. It is located in close proximity to various commercial developments, residential estates and educational institutions.
This is an exceptional opportunity for an investor or owner occupier to acquire a well-located, freehold commercial podium with excellent visibility and potential signage rights.
The sale will be conducted through an Expression of Interest (EOI) exercise which closes on Thursday, 12 March 2020, at 3pm.