Commercial podium at Tedge on the market for $18 mil

For sale: 999-year leasehold mixed development, 36EightySix, with potential for strata landed homesTedge Retail, a collection of four adjoining freehold commercial units along Changi Road, is up for sale through an expression of interest (EOI) exercise with an indicative price of $18 million. Developed by Macly Group, Tedge is expected to obtain its temporary occupation permit in 4Q2023. Located at the corner of Changi Road and Telok Kurau Road, the development is about 500m from the Eunos and Kembangan MRT Stations on the East-West Line.

The commercial podium at Tedge has previously been put up for sale at the same price in July 2020 and comprises F&B and retail units with a combined stata area of 5,576 sq ft. Six car park lots are also designated for Tedge Retail and the indicative price works out to $3,228 psf. Making it a highly attractive option for potential owners or investors.

The EOI exercise for Tedge Retail will close on Aug 16 at 3pm. Macly Group, through a press release issued by Tedge Retail’s marketing agent Sakal Real Estate Partners, says the commercial podium is ideal for existing F&B establishments wanting to expand their operations and attract investors seeking to acquire F&B and retail properties.

Shopping malls, restaurants, cafes, banks and grocery stores are where you will find great convenience. You will also find a great number of grocery stores at the nearby Hillion Mall and Junction 10. The Myst Bukit Panjang is situated close to the Bukit Panjang Plaza, which is where the convenience of shopping comes to life. Residents will find many shops, eateries and restaurants in the plaza. Not to mention, transport services such as MRT and bus services are minutes away from the condominium. Residents will find utmost comfort in their stay at The Myst Bukit Panjang.

Recent commercial sales transactions within a 500m radius of Tedge have provided further evidence in reaffirming the attractiveness of Tedge Retail and its convenient location. This makes the property a viable option for those looking for a commercial property that can yield good returns over time.

Check out the latest listings near Tedge, Kembangan MRT Station to find out more about the potential of this freehold commercial unit.