Yishun Ten Complex retail units going for $48 mil

By Tan Chee Yuen / DTZ | May 12, 2016 12:00 PM SGT
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Bonvests Holdings has placed the entire ground floor retail podium of the four-storey Yishun Ten Complex up for sale via expression of interest, with DTZ as the sole marketing agent. The ground floor has 10 strata-titled shops with a total area strata area of 10,398 sq ft. According to DTZ, most of the units are currently tenanted and are operating as F&B outlets. The shops are suitable for a variety of retail trades including restaurants, gaming and entertainment centres, clinics and convenience stores. Golden Village owns the top three floors of Yishun Ten.
The subject property has 10 strata-titled shops with a total area strata area of 10,398 sq ft

Source: DTZ

The expression of interest for the units offered for bulk purchase will close on June 21. The guide price for the entire ground floor is $48 million ($4,616 psf). The strata units have a 99-year lease, with 73 years remaining.
Separately, Bonvests also announced on May 6 that it had sold two food courts that had been put up for sale two months ago by Knight Frank. One was an HDB coffee shop on Tampines Street 81 that was sold for $14.5 million; the other was a food court in the basement of Midpoint Orchard that fetched $13.7 million.

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