Commercial building in Joo Chiat up for sale

By Tan Chee Yuen
/ Knight Frank |
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A freehold four-storey commercial building with attic has been put up for sale by expression of interest (EOI). The building has an indicative guide price between $12.5 and $14 million, which works out to be $673psf ppr to $754psf ppr, according to marketing agent Knight Frank.
The property located along Joo Chiat Road has a site area of 4,686 sq ft and gross floor area of 18,571 sq ft. It has a lift and a fully automated mechanical car park for nine cars. Under the 2014 Master Plan, the property is zoned for commercial use with a permissible gross plot ratio of 3.0. The property is currently about 90% leased to several tenants.
The EOI closes on November 22 at 3pm.

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