Orchard Towers, Marine Parade units for sale

Published Thu, Apr 24, 2014 · 10:00 PM
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[SINGAPORE] Three commercial units - two in Orchard Towers and one in Marine Parade Central - are up for sale. No indicative prices were provided. Marketing agent CBRE gave sale prices of shops in nearby malls as a guide.

The freehold strata-titled units in Orchard Towers have a total strata area of about 8,105 sq ft and are located at the junction of Orchard Road and Claymore Road. One unit occupies the ground floor and the other the basement, with 7-11 and a food court as their respective anchor tenants. According to CBRE, a third-floor unit sold for $6,636 per sq ft in May last year.

The unit in Marine Parade Central has 62 years remaining on its lease, and spans the entire ground and second floors of Block 87 with a strata area of about 25,833 sq ft. Located between Marine Parade Food centre and Parkway Parade Shopping Centre, anchor tenants for Block 87 include ANZ Bank, Maybank and Standard Chartered.

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