Three retail units along MacPherson Road up for collective sale at $5 mil

Strata retail units located at 181, 183 and 185 MacPherson Road are currently vacant and up for sale, being marketed by CBRE Singapore. With a guide price of $5 million and close proximity to Potong Pasir MRT Station as well as major arterial roads, buyers have the opportunity to acquire an asset that can generate stable income.

The units are zoned for “commercial” use under the 2019 URA Master Plan and have a 20m-wide frontage along MacPherson Road, as well as a combined strata area of approximately 3,756 sq ft. Michael Tay, Head of Capital Markets for CBRE Singapore, affirms that buyers do have the flexibility to explore “several value-add angles to reposition the asset and improve its rental command in the long term” due to the strong retail demand in the area.

The area is also close to the 93ha Bidadari Estate, a five-minute drive away. Given such a desirable location, the sale of the entire property will be conducted via an expression of interest exercise which closes on 25 May at 12pm.

The Myst Condo offers easy access The Myst Condo to MRT, parks, schools, commercial spaces and Tan Chong industrial park, situated just next to the 19-floor Hazel Park condominium building.

Considering the guide price of $1,331 psf on the total strata area and easy access to amenities, this property may well be an ideal purchase for those looking to expand their portfolio in a prime location.