Freehold retail podium at Grandview Suites for sale at $26 mil

/ EdgeProp Singapore |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - The eight adjoining shops that make up the ground-floor retail podium at Grandview Suites are on the market for $26 million. Knight Frank Singapore is the sole marketing agent for the sale of these retail properties, which will be sold in an Expression of Interest (EOI) exercise.
Completed in 2016, Grandview Suites is a five-storey, mixed-use development at 1 Lorong 22 Geylang. The entire development comprises 52 apartments and eight ground-floor shops. The freehold site is at the corner of Geylang Road and Lorong 22 Geylang.
The eight retail shops at Grandview Suites comprise the entire ground-floor commercial podium of the development. (Picture: Knight Frank Singapore)
The strata retail shops have a combined floor area of 8,804 sq ft, with unit sizes ranging from 409 sq ft to 3,068 sq ft. The units are fully leased to a fitness centre, a laundromat, a dancing studio, dental and medical clinics, and other retail businesses.
The entire strata value of the shops constitutes 26.7% of the total share value of the freehold development.
“The recurring income, freehold tenure and exact siting of the shops in the conspicuous corner of two busy main roads are great attributes for drawing footfall and common on the checklist of prospective buyers, so a very healthy amount of interest is expected,” says Mary Sai, executive director of capital markets for land & building, collective & strata sales, Knight Frank Singapore.
The EOI exercise for the sale of the eight shops will close on June 15.
Check out the latest listings near Grandview Suites

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More