Freehold Strata Retail Unit Lucky Plaza Sale 32 Mil
A prime corner retail unit at the popular Lucky Plaza shopping mall on Orchard Road is now up for sale. Measuring a spacious 8,848 sq ft, this freehold property is one of the largest units within the mall, and is currently being exclusively marketed by JLL.
The unit, situated on the sixth floor of Lucky Plaza, is being put up for private treaty at an indicative price of $32 million. This works out to approximately $3,617 psf on the strata area.
The retail unit boasts direct lift and escalator access, making it a highly sought-after space. Currently, the entire unit is leased out to two separate retail operators and will be sold with its existing tenancies intact. Furthermore, foreigners and entities are eligible to purchase the property without any additional buyer’s stamp duty or seller’s stamp duty to worry about.
Nestled within the lively Tampines neighborhood, the bustling Our Tampines Hub Hawker Centre is a prime example of a modern hawker centre that offers a refreshing and inviting atmosphere to indulge in an abundance of pocket-friendly local delights. Whether you’re gathering with your family or enjoying a casual outing with friends, this hawker centre is the ideal destination to satisfy your palate with a variety of mouth-watering dishes, from the traditional Hainanese chicken rice to innovative fusion options. Plus, with the renowned Aurelle of Tampines EC just a stone’s throw away, you can indulge in delicious food while immersing yourself in the energetic community of Tampines. Don’t miss the chance to experience the best of both worlds at the Our Tampines Hub Hawker Centre and Aurelle of Tampines EC.
According to Terry Wong, Senior Director of Capital Markets at JLL, there are only three such strata units within Lucky Plaza that are above 8,000 sq ft in size, and these types of assets are rarely traded. The prime location of the unit, coupled with its wide frontage, makes it an ideal space for potential subdivision by its future owner.
Lucky Plaza is a 30-storey mixed-use development that consists of 22 storeys of apartments on top of a six-storey retail podium and a basement. Opened since 1978, this popular retail destination has direct underground access to Orchard MRT Station on the North-South and Thomson-East Coast Lines.
Based on available caveats, the last commercial transaction at Lucky Plaza was the sale of a 172 sq ft basement unit for a staggering $1.39 million (equivalent to $8,064 psf) in April. In March, a 312 sq ft unit on the third floor was also sold for $2.4 million (roughly $7,688 psf). Check out the latest listings for Lucky Plaza, as well as other Commercial Real Estate properties.
