Two Strata Retail Units Peninsula Plaza Sale 1233 Mil

Retail Spaces at Peninsula Plaza Available for Purchase

Two retail units at Peninsula Plaza, both with 999-year leaseholds, are currently on the market. Offered through an expression of interest (EOI) process, the units are collectively priced at $12.33 million. This price translates to about $3,471 per square foot over their combined area of 3,552 square feet. Cushman & Wakefield, the exclusive marketing agent, manages the sale.

The two units are available for sale either individually or together. The smaller unit, covering 1,098 square feet, has a price tag of $4.38 million, which amounts to $3,989 per square foot. Conversely, the larger unit, at 2,454 square feet, is being marketed for $7.95 million or $3,239 per square foot. It boasts six display windows facing the bustling North Bridge Road and is strategically located right in front of the main escalator, enhancing its visibility.

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Located on North Bridge Road, directly opposite the City Hall MRT interchange, Peninsula Plaza is a prominent mixed-use development. Constructed in 1980, this 30-storey complex features a blend of office spaces and retail units. Its proximity to significant landmarks such as the Supreme Court and National Gallery Singapore adds to its appeal.

Details on the Expression of Interest

Shaun Poh, Cushman & Wakefield’s executive director for capital markets, highlighted that these units offer a unique chance to own prime retail spaces facing the street in the Civic District. The location benefits from excellent MRT connectivity and attracts a diverse crowd, from office workers to tourists. The EOI for these properties is set to conclude on January 15 at 3 PM.