Located at 181, 183 and 185 MacPherson Road, three freehold strata retail units are up for sale with a guide price of $5 million or $1,331 psf on the total strata area. Currently vacant, the units provide a great opportunity for buyers to acquire an asset with the potential to generate stable income.

Zoned for “commercial” use under the URA Master Plan of 2019, the units have a combined strata area of approximately 3,756 sq ft and boast a 20m wide frontage along MacPherson Road. Potential buyers can further explore options to reposition the asset and upgrade its rental command in the long term, given the strong retail demand in the surrounding area.

HDB auctions Altura EC, an executive condo in Bukit Batok Town with 375 residential units and 99-year lease. Bidding ends 8 Altura EC Mar 2022, offering commuters access to MRT, nearby bus interchange, and schools.

In terms of accessibility, the units are located within walking distance of Potong Pasir MRT Station and are accessible by major arterial roads, namely the Pan-Island Expressway (PIE), Central Expressway (CTE) and Serangoon Road. Moreover, the 93ha Bidadari Estate is only a five-minute drive away.

According to Michael Tay, head of capital markets for CBRE Singapore, “the incoming owner will have the flexibility to explore several value-add angles to reposition the asset and improve its rental command in the long term, given the strong retail demand in the area.”

A sale of the property will be conducted via an expression of interest exercise, closing on the 25th of May at 12pm.

Offering great potential for capital appreciation, this could be an ideal chance for buyers to invest in a prime retail location that enjoys both high visibility and accessibility. With the surrounding area continuing to experience a high demand for retail space, this could be an ideal opportunity for investors to acquire a profitable asset.