999 Year Leasehold Office Floor Beach Road Market 56 Mil
A 2,530 square foot strata office floor located at Evershine & Century Complex on 43C Beach Road has been put on the market for a price of $5.6 million. The unit, which has a 999-year leasehold, will be sold through an expression of interest (EOI) exercise that will be managed by CBRE Singapore.
Evershine & Century Complex is a five-storey commercial development that houses retail shops on the ground floor and office spaces on the upper floors. The unit for sale is situated on the fourth floor and boasts a regular floor layout, accessible via a passenger lift. The asking price works out to approximately $2,213 per square foot on the strata area.
Situated close to four MRT stations – Bugis, City Hall, Esplanade, and Bras Basah – Evershine & Century Complex is well-connected to major roads and expressways such as Nicoll Highway, Central Expressway, and East Coast Parkway.
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Commenting on the sale, Michael Tay, head of capital markets, Singapore at CBRE, says, “Located in the heart of Bugis, we anticipate high interest from both investors and owner-occupiers for this office space. This is an uncommon opportunity to own a 999-year strata office floor in the prime Bugis area at an attractive price.”
Tay adds that both investors and end-users can benefit from the development potential of the Bugis precinct, which is being transformed into a key commercial hub in close proximity to the CBD. With new developments like The M, Shaw Towers, and the redevelopment of Golden Mile Complex in the vicinity, the property presents an attractive opportunity for potential buyers.
The EOI exercise for the sale of the strata office floor will close on February 7. (Source: EdgeProp LandLens)
