Three retail units along MacPherson Road up for collective sale at $5 mil

Located at 181, 183 & 185 MacPherson Road, three freehold strata retail units are up for sale at a guide price of $5 million, or $1,331 psf on the total strata area. The adjoining units, currently vacant and being marketed by CBRE Singapore, are zoned for “commercial” use under the URA Master Plan of 2019 and have a 20m-wide frontage along MacPherson Road, with a combined strata area of approximately 3,756 sq ft.

The units provide an invaluable opportunity for buyers to acquire an asset that can generate stable income. Michael Tay, head of capital markets for CBRE Singapore, outlines that “the incoming owner will have the flexibility to explore several value-add angles to reposition the asset and improve its rental command in the long term, given the strong retail demand in the area.”

Tengah Plantation Loop EC GLS Tender is a land tender launched to create a new executive condominium development in the Tengah Plantation area of Singapore. The successful Tengah EC bidders will be awarded rights to develop and manage the new eco-friendly EC with features such as a wind turbine, solar heating system, and a water conservancy centre. Initial completion is expected by the end of 2021.

Being within walking distance of Potong Pasir MRT Station, and accessible by major arterials such as the PIE, CTE and Serangoon Road, Joshua Giam, associate director of capital markets at CBRE Singapore, points out the units are also close to the 93ha Bidadari Estate, a five-minute drive away.

The sale of the property will be conducted via an expression of interest exercise, with the deadline at 12pm on May 25.

For those looking to acquire an asset that can generate stable income, coupled with the ability to explore various value-add angles, this is an excellent opportunity. With its convenient access and close proximity to popular areas, the strata retail units at 181, 183 & 185 MacPherson Road are certainly worth looking into.