Strata retail unit at Peninsula Plaza for sale at $7.95 mil
Its prominent frontage, commercial zoning and eligibility for foreign buyers may broaden investor demand for centrally located strata retail assets without residential stamp-duty constraints.
A 2,454 sq ft strata retail unit at 999-year leasehold Peninsula Plaza is offered at $7.95 million, equivalent to approximately $3,239 psf.
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A strata retail unit in Peninsula Plaza, a 999-year leasehold mixed-use development along North Bridge Road, is up for sale via an expression of interest (EOI) exercise for $7.95 million.
Based on its strata area of approximately 2,454 sq ft, the guide price translates to around $3,239 psf.
The unit is located on the second floor of the building’s six-storey retail podium. Featuring a wide frontage, it is directly in front of an escalator — enjoying strong visibility and footfall. It also has six display windows facing North Bridge Road, alongside a double entrance.
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Jennifer Loh from PropNex Realty, one of the marketing agents for the property, says that as the unit is fitted with a water point and a floor trap, it is suitable for a variety of F&B and retail uses.
Zoned as commercial, the property is not subject to additional buyer’s stamp duty or seller’s stamp duty. Foreigners are eligible to purchase the unit, says PropNex Realty.
Peninsula Plaza is a two-minute walk from the City Hall MRT Interchange, with malls such as Funan and Raffles City nearby.
The EOI exercise closes at 3pm on Aug 26
Check out the latest listings for Peninsula Plaza, City Hall properties