Ground floor retail units at Holland Road Shopping Centre up for sale
Published on Jun 2, 2014 6:52 PM
Seven retail units on the ground level of Holland Road Shopping Centre have been put up for sale, said its broker CBRE on Monday.
The freehold strata-titled shops face the Holland Avenue road, and are now home to popular supermarket chain Cold Storage. The 24-hour grocery outlet occupies about 12,269 sq ft, and is also the anchor tenat at the four-storey shopping mall in Holland Village.
The latest valuation of the properties place them at about $7,500 per sq ft (psf), or $92 million, said CBRE. In the past year, the average selling price of retail units at the mall was about $5,300 psf.
"As the units are under commercial property zoning, both local and foreigners are eligible to purchase with no additional buyers' stamp duty and no sellers' stamp duty imposed on the purchase of the propery," CBRE said in a statement.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here