Commercial podium at Tedge on the market for $18 mil
Tedge Retail, located in Kembangan at the corner of Changi Road and Telok Kurau Road, is a five-storey mixed-used development comprising 42 residential units and four adjoining freehold commercial units. The development is being put up for sale through an expression of interest exercise with an indicative price of $18 million.The commercial properties consist of F&B and retail units over an area of 5,576 sq ft. This translates to an indicative price of $3,228 psf, and there are also six car park lots designated for the development. Macly Group believes this will be attractive to not only existing F&B establishments looking to expand their footprint, but also investors seeking to acquire F&B and retail properties.The EOI exercise for Tedge Retail will close on Aug 16 at 3pm.
Tengah Plantation Close EC provides a tranquil and serene environment, located within close proximity to nature on the western region of Singapore. It is also conveniently located near the Jurong East area, with quick access to transportation hubs and other amenities. Families can enjoy nature trails, playgrounds, a children’s water park and more. This lifestyle destination has something for everyone, providing endless possibilities for leisure and relaxation.
Located in Kembangan, Tedge Retail is the ground-floor commercial podium at the five-storey freehold mixed-used development Tedge. Developed by Macly Group, Tedge is expected to obtain its Temporary Occupation Permit (T.O.P) in 4Q2023. Situated at a prime location only 500m away from the Eunos and Kembangan MRT Stations on the East-West Line, it consists of four freehold commercial units up for sale via an Expression of Interest (EOI) exercise with an indicative price of $18 million.
The units are made up of F&B and retail establishments, spanning a combined area of 5,576 sq ft. This translates to an average indicative price of $3,228 psf. Furthermore, six car park lots have been designated for Tedge Retail. According to Macly Group, the commercial podium is ideal for existing F&B establishments looking to expand their reach, but could also prove attractive to investors – both foreign and local – seeking to acquire F&B and retail properties.
The EOI exercise for Tedge Retail will close on Aug 16 at 3pm. In the vicinity of the property, there have been several commercial sales transactions within a 500m radius. This is indicative of a strong interest in the area, boding well for Tedge Retail’s prospects.
Potential buyers are encouraged to take advantage of this good opportunity, to get their hands on a freehold commercial property located in a prime location of Singapore.