Freehold restaurant floor at Oxley Tower for sale at $12.9 mil
/ EdgeProp Singapore |
The 3,025 sq ft floor up for sale is on level 20 of Oxley Tower (Picture: Samuel Isaac Chua/The Edge Singapore)
SINGAPORE (EDGEPROP) - An entire freehold strata floor at Oxley Tower, located along Robinson Road in the CBD, is up for sale through an expression of interest exercise with a guide price of $12.9 million.
The 3,025 sq ft floor is on level 20 of the tower, offering a panoramic 360-degree view of the CBD. The guide price is $4,231 psf on the total strata area. The space is currently tenanted, says CBRE, the exclusive marketing agent for the property.
Oxley Tower is a 32-storey building developed by Oxley Holdings and completed in 2016. It comprises a three-storey retail podium and a 29-story tower block predominantly comprising office units.
Map and overview of Oxley Tower (Source: EdgeProp LandLens)
The units in the tower block have direct lift access and a floor-to-ceiling height of 4.9m. Utilities and service areas are located within the central core of the building, providing occupiers with unobstructed views.
“This presents an extremely rare opportunity for investors to acquire and own an entire floor of retail space permanently approved for F&B usage, in a freehold building within the CBD,” says Michael Tay, CBRE’s head of capital markets, Singapore.
He believes the asset will appeal to investors such as family offices, corporates and high-net-worth individuals. “With the return to office phenomenon gathering pace, the retail performance in the CBD is expected to recover, and this should lead to higher retail rents moving forward.”
Oxley Tower is within walking distance of three MRT stations — Tanjong Pagar (East-West Line), Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line).
The expression of interest exercise for the strata floor will close on April 26 at 3pm.
Latest resale transactions at Oxley Tower (Source: EdgeProp Research tool)
Check out the latest listings near Oxley Tower, Robinson Road, Tanjong Pagar MRT station, Telok Ayer MRT station, Shenton Way MRT station
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