What makes a commercial property investment appealing? The potential for steady cash flow, appreciation over time, and the ability to leverage financing present significant advantages to investors. In this context, two freehold commercial properties located at 453 Balestier Road and 268 River Valley Road have recently been listed for sale, presenting a compelling opportunity for discerning investors. With a combined asking price of $75 million, these properties are poised to attract considerable interest from high-net-worth individuals and family offices.
The property on Balestier Road spans an impressive 6,811 square feet, with a gross floor area of approximately 20,089 square feet. It comes with a guide price of $50 million, which translates to about $2,489 per square foot. This property offers significant space that can be utilized for various commercial purposes, making it an attractive proposition. Given the growing demand for commercial spaces in urban areas, coupled with its strategic location, this property is expected to yield over 3% rental returns when fully leased. Such potential returns are particularly appealing to investors looking for reliable income streams.
On the other hand, the River Valley Road property features a four-storey serviced apartment complex that includes 12 units along with a retail unit. This property is listed at a guide price of $25 million, equating to $2,924 per square foot. The combination of residential and commercial elements adds versatility to this property, allowing for multiple revenue-generating avenues. The location in River Valley, known for its vibrant lifestyle and proximity to key amenities, enhances its appeal to investors who prioritize location in their decision-making process.
Both properties are being offered through an expression of interest (EOI) exercise that is set to close on June 2. This method of sale allows for a competitive bidding environment, which can drive up the final sale price. Investors have the option to purchase the properties individually or as a portfolio, providing flexibility to tailor their investment strategy according to their financial objectives and portfolio diversification needs.
The anticipated interest in these properties is indicative of the current market climate, where high-net-worth individuals and family offices are actively seeking opportunities in the commercial real estate sector. The combination of their prime locations, potential rental yields, and the ability to capitalize on the urban growth trends makes these properties particularly attractive.
Furthermore, the ongoing urbanization and development in Singapore suggest a positive outlook for commercial real estate investments, reinforcing the appeal of these two properties.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condo launch situated in a prime location, designed to attract both local and international buyers.
This development offers a variety of unit types and boasts modern amenities, emphasizing sustainable living with eco-friendly features.
Potential investors can explore the River Green Floor Plan and review the River Green Price to make informed decisions.
With easy access to transport links and commercial hubs, the project promises strong capital appreciation potential.
View RIVER GREEN ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
Images are not actual photos. For illustration purpose only.