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Two strata-titled units at Orchard Towers up for sale at $63 mil

By Michael Lim

/ The Edge Property |

June 22, 2017 10:50 AM SGT

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Two strata-titled units at Orchard Towers (below) on Orchard Road have been put up for sale by expression of interest (EOI). The guide price for the units — one on the ground floor and the other in the basement — is $63 million. According to Cushman & Wakefield, the appointed agent, both units will be sold with existing tenancies.

The 4,198 sq ft ground-floor unit is currently leased to a 24-hour convenience store, a tailor, restaurant and a jewellery shop. The 3,907 sq ft basement unit is leased to a food court operator. The gross monthly rent achieved by both units is about $141,000.

The EOI closes on July 26.

Orchard Towers

Source: Cushman & Wakefield

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