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
Current Tenancy
Rented at $11,500 per month
Tenure Period
Description
A freehold full commercial retail shop is available in District 9, Core Central Region (CCR) in the River Valley area. Located in a prime area with high demand, it has a gross floor area (GFA) of 1,173 sq. ft.
Allowable usage with the potential to yield the highest rental yield:
- Day care centre for children
- Tuition centre
- Education-related usages
- Food and beverage (F&B)
Lucrative rental yield
Districts 9 and 10 have strong demand and an upswing in the price of freehold commercial retail property in 2022.
Median unit price ($PSF)
| District | Q12022 | Q22022 | Average |
| 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.
