Freehold restaurant floor at Oxley Tower for sale at $12.9 mil

Located along Robinson Road in Singapore’s Central Business District and developed by Oxley Holdings, Oxley Tower is a 32-storey building. It comprises a three-story retail podium, and a 29-storey tower block made up of office units. An entire freehold strata floor, located on level 20 and measuring 3,025 sq ft, is currently up for sale through an expression of interest exercise with a guide price of $12.9 million. This translates to a psf price of $4,231.

This rare opportunity is the perfect investment for family offices, corporates and high-net-worth individuals alike, given the return of the office phenomenon. With CBRE as the exclusive marketing agent for the asset, this could present a great chance for investors.

The office units come with direct lift access and a floor-to-ceiling height of 4.9m. Onsite utilities and service areas are located within the central core of the building, providing its occupants with a lovely panoramic 360-degree view of the CBD.

Aside from its practicality, Oxley Tower also provides convenient access to three MRT stations – Tanjong Pagar (East-West Line), Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line).

Michael Tay, the Head of Capital Markets of CBRE, is confident of the asset’s future prospects. He said: “With the return to office phenomenon gathering pace, the retail performance in the CBD is expected to recover, and this should lead to higher retail rents moving forward.”

The closing date for the expression of interest exercise is April 26 at 3pm.

Featuring a beautiful panoramic view of Singapore’s Central Business District, a total strata floor of 3,025 sq ft located on Level 20 of Oxley Tower is up for sale via an expression of interest exercise with a guide price of $12.9 million – translating to a psf price of $4,231. Developed by Oxley Holdings and completed in 2016, the 32-storey building is a great catch for family offices, corporates and high-net-worth individuals.

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Currently tenanted, this property comes with direct lift access as well as a floor-to-ceiling height of 4.9m. At the same time, utilities and service areas are within the building’s central core.

Since the return of office phenomenon is underway, Michael Tay, CBRE’s head of capital markets, Singapore is positive that the retail performance in the CBD will recover and lead to higher retail rents.

Moreover, its strategic location provides easy access to three MRT stations – Tanjong Pagar (East-West Line), Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line).

The expression of interest exercise for the strata floor of Oxley Tower will end on April 26 at 3pm. If you are looking for an ideal property to invest in, this could be it!