Two adjoining freehold six-storey buildings are available at a guide price of $46 million, translating to approximately $3,622 psf on existing gross floor space.
For official Parc Central Residences psf and showflat appointment to be obtained at the official site.
The buildings sit on a joint area of approximately 2,325 sq feet and have a total gross floor space of about 12,701 sq ft. Both buildings have notable frontages along South Bridge Road and Hong Kong Street and are categorized under”industrial” under the URA 2019 Master Plan.
Foreigners and businesses have the ability to buy the properties and extra purchaser’s stamp duty (ABSD) won’t apply.
This divestment is part of the vendor’s intent to recycle funds for reallocation as well as the vendors are open to some sale-and-leaseback arrangement, subject to discussions.
The 2 buildings appreciate great connectivity inside Singapore’s core central area. The closest MRT station Clarke Quay is just 250 metres apart.
The buildings are inside the Singapore River Planning Area and provide views of Marina Bay Sands Integrated Resort and Esplanade in the top floor.
Harvey Chia, mind investment advisory of capital markets in Singapore Realtors Inc, states:”The restricted stock of these assets, along with the freehold tenure whilst sitting at a coveted place just off the fringe of the CBD, signifies that the inherent worth is large. They give buyers of distinct profiles, for example buyers trying to establish their company headquarters with naming and signage rights, a fantastic chance to acquire such resources.”
Buyers have the choice to configure the design to boost the present efficiency of their adjoining properties.
The Expression of Interest (EOI) exercise for both of these properties will finish on April 16 at 12pm.