Strata commercial space at Coronation Shopping Plaza up for sale

/ EdgeProp Singapore
December 5, 2018 5:02 PM SGT
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The space is currently tenanted to HSBC Bank and Starbucks (Credit: ET&Co)
A ground floor strata commercial space at Coronation Shopping Plaza on Bukit Timah Road is up for sale by tender. The guide price is at $35 million ($5,392 psf), according to sole marketing agent Edmund Tie & Company (ET&Co).
The subject property has a strata floor area of about 6,491 sq ft, and occupies a corner with direct street level access from the main thoroughfare of Bukit Timah Road and Coronation Road.
Currently tenanted to HSBC Bank and Starbucks, the property enjoys high footfall.Tan Kah Kee and Botanic Gardens MRT stations on the Downtown Line are also less than a 7-minute walk away.
Foreigners are eligible to purchase it, and will not be subjected to any Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
The tender will close on Jan 18, 2019.