A freehold full commercial retail shop in a prime area with the prospect of a highest rental yield.

Type of Property

Retail shop

Price

$4.2 million

PSF

$3,580

Land Size

Built Size

1,173 Sq. Ft.

Current Tenancy

Rented at $11,500 per month

Tenure Period

N/A

Description

A freehold full commercial retail shop is available in District 9, Core Central Region (CCR) in the River Valley area. Located in a prime area with high demand, it has a gross floor area (GFA) of 1,173 sq. ft.

Allowable usage with the potential to yield the highest rental yield:

  • Day care centre for children
  • Tuition centre
  • Education-related usages
  • Food and beverage (F&B)

Lucrative rental yield

Districts 9 and 10 have strong demand and an upswing in the price of freehold commercial retail property in 2022.      

Median unit price ($PSF)

DistrictQ12022Q22022Average
District 9$4,342$4,967$4,720
District 10$3,960$4,160$4,060

Hence, the retail shop in this area has the capacity to draw lucrative high rental yield.

Ready tenant at attractive rental

The property has a long-term anchor tenant, a childcare centre, at $11,500/($9.8PSF) till 2025, which translates to a rental yield of approximately 3.3%. Hence, the buyer will have ready access to attractive cash flow immediately after purchasing the retail shop.

Excellent strategic position

Being in the prime CCR and close to the Great World City MRT, the area has excellent potential for capital appreciation. Recently, It has also become very popular amongst investors due to strong demand from offshore investors.

 Excellent accessibility 

Approximately 210 metres from Great World City MRT.

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