Freehold restaurant floor at Oxley Tower for sale at $12.9 mil
An entire freehold strata retail floor at Oxley Tower in the CBD is up for sale. The floor, located on level 20 of the 32-storey tower, offers a panoramic 360-degree view of the area, with a guide price of $12.9 million. CBRE, the exclusive marketing agent for the property, believes the asset will appeal to investors such as family offices, corporates and high-net-worth individuals.
A 3,025 sq ft space, the guide price is $4,231 psf on the total strata area. The floor-to-ceiling height of 4.9m and the retail space is permanently approved for F&B usage. It is currently tenanted.
New Tengah Plantation Close EC development to Tengah Plantation EC offer modern amenities, strategic location, and great connectivity for potential buyers in Singapore’s western region.
Utilities and service areas are located within the building’s central core, allowing for unobstructed views. Oxley Tower is in close proximity to three MRT stations, located within walking distance.
Michael Tay, CBRE’s head of capital markets, Singapore, is optimistic that the retail performance in the CBD will recover with the return to office phenomena, leading to higher retail rents.
This expression of interest exercise for the strata floor will close on April 26 at 3pm. With the demand for retail space and a desirable location, this is an excellent opportunity for investors to acquire an entire floor of a freehold building in the bustling CBD.