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

The sale of three adjoining freehold strata retail units located at 181, 183 and 185 MacPherson Road is now underway, with a guide price of $5 million or $1,331 psf on the total strata area. With a 20m-wide frontage along MacPherson Road and a combined strata area of approximately 3,756 sq ft, the units are zoned for “commercial” use under the URA Master Plan of 2019.

According to Michael Tay, head of capital markets for CBRE Singapore, this opportunity allows buyers to acquire an asset that can generate a stable income. “Given the strong retail demand in the area, 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,” he adds.

These units are accessible by major arterial roads such as the Pan-Island Expressway (PIE), Central Expressway (CTE) and Serangoon Road. The area is also walking distance to Potong Pasir MRT Station and five minutes away by drive to the 93ha Bidadari Estate.

Property experts at CBRE Singapore share that an expression of interest exercise has been opened for the sale of the units, closing on May 25 at 12pm.

For those in the market for other commercial properties, don’t forget to check out the latest listings near MacPherson Road and Potong Pasir MRT Station.

Interested in other exclusive news? Get the latest updates on Rivergate vs Starlight Suites and the freehold shophouse at Joo Chiat Road which is up for sale at $9.2 mil.

Interested buyers now have the chance to acquire three retail units in an attractive freehold strata development at 181, 183 and 185 MacPherson Road. With a 20m-wide frontage along MacPherson Road and a combined strata area of approximately 3,756 sq ft, the guide price of $5 million or $1,331 psf on total strata area is a great opportunity to look out for.

Property experts at CBRE Singapore share that the units are zoned for “commercial” use under the URA Master Plan of 2019 and will allow incoming owners to explore different angles to reposition the asset and improve its rental command in the long term.

Arterial roads in the area such as the Pan-Island Expressway (PIE), Central Expressway (CTE) and Serangoon Road provide great access to the units, which are located walking distance from Potong Pasir MRT Station and five minutes away by car from the 93ha Bidadari Estate.

An expression of interest exercise is currently underway for the sale of the property, with a closing date of May 25 at 12pm. Other exclusive news related to commercial properties can also be found near MacPherson Road and Potong Pasir MRT Station. This includes the news on Rivergate vs Starlight Suites and the freehold shophouse at Joo Chiat Road which is up for sale at $9.2 mil.