Four strata retail units at City Gate for sale at $9.68 mil

in Q2: CBRE

Savills Singapore has been appointed by City Gate to market their four retail units on the ground floor of the mixed-use development. The total strata area of the units is 2,175 sq ft, with an asking price of $9.68 million, translating to approximately $4,450 per square foot.

These four units are already fully leased to a variety of businesses, such as a hair salon, a nail and beauty parlour, a fashion boutique, and a foot reflexology centre. As incoming purchasers may consider alternative uses such as medical suites, health and wellness services or education centres, subject to approvals, Yap Hui Yee, executive director, Investment sales & capital markets at Savills Singapore, states that this is an excellent opportunity offering immediate rental income and good rental yield.

Located on Beach Road, City Gate is a 30-story construction of 311 residential units and a three-story commercial retail podium. It is conveniently situated close to Jalan Sultan and Kampong Glam, giving purchasers the benefit of increased footfall and vibrancy in the near future.

An expression of interest exercise for the portfolio of retail units will close on September 20th.

Additionally, the Orchard Condo offers plenty of thoughtful amenities, including a grand lobby, a spa, a swimming pool, and a gym. Moreover, residents can take advantage of the lush gardens and picturesque landscapes for a relaxing outdoor experience. With its luxurious design and carefully chosen amenities, the development offers the perfect balance of comfort and convenience.

If you’re looking for an opportunity to take advantage of a strategic location and immediate rental income, then City Gate is ideal for you. With the potential for further capital and rental value, purchasers can expect a great return on their investment.

Be sure to check out the latest listings for City Gate properties!