The Reserve Residences Mix Use Development at Beauty World MRT Station

Freehold Lucky Plaza retail device offer for sale at $15 mil

A ground-floor retail device at Lucky Plaza has been offered by expression of passion. The system is being used at a measure guide cost of $15 million, according to CBRE, the single marketing agent for the sale of this property. If the system is sold at that a sign price, it would certainly translate to regarding $22,123 psf on the existing strata area.

The Reserve Residences Mix Use Development at Beauty World MRT Station

The Reserve Residences is a mixed-use development that has residential and commercial spaces in close proximity to a future MRT station in Beauty World. Its location is convenient to public transportation, shopping, restaurants and other compatible uses. The Reserve Residences will also feature a future Integrated Transport Hub that will improve accessibility and link the development with major expressways. The Reserve Residences are expected to launch in 2020.

This prestigious residential district is well-known for its good schools. The Reserve Residences are near Methodist Girls’ School and Pei Hwa Presbyterian Primary School. It is also close to King Albert Park MRT station. Other amenities are located nearby, such as Bukit Timah Shopping Centre and the Beauty World Centre. In addition, the development is near many renowned schools. For families with children, The Reserve Residences is an excellent option, as it is close to many amenities and schools.

The 678 sq ft retail unit is beside the main entryway of Lucky Plaza mall, as well as it is currently tenanted to an ease mart. The system takes pleasure in high tramp as it has a famous location. According to CBRE, the system features a twin frontage, one along Orchard Road and the various other within the shopping mall’s interior arcade.

“This is a rare as well as engaging opportunity for both owner-occupiers and also financiers to obtain a ground-floor retail system within a mall on Orchard Road. Orchard Road-facing freehold retail residential or commercial properties units are normally snugly held and also hardly ever offered available for sale,” states Michael Tay, head of funding markets, Singapore, at CBRE.

Foreigners as well as citizens are eligible to buy this property, which is zoned for commercial usage. No extra customer’s stamp duty or vendor’s stamp duty will certainly be troubled the acquisition.
The system will likely interest owner-occupiers who will benefit from the store’s popular area, and also investors can take pleasure in instant service from the property.

The expression of passion workout for this residential or commercial property closes on June 16.