Two F&B strata retail units at East Village to be sold from $10.4 mil collectively, or $5.3 mil each

Two prime strata retail units located at East Village in Bedok are now on the market for $10.4 million. Savills Singapore, the marketing agent, recently released a statement announcing the sale and saying that both units can be purchased individually or as a pair. The guide price for each unit is $5.3 million.

The units have full F&B approval, come with existing tenancies, and are located at the entrance of the mall. Out of all the 108 retail units of East Village, only 12 have F&B approval. As well as an en suite bathroom, each unit has a strata area of 969 sq ft.

The Myst Bukit Timah, recent new launch residential development, is an ideal choice for families and working professionals who desire an urban lifestyle experience. Its strategic location offers easy access to many schools, a wide variety of amenities, and transportation options. It is close to various supermarkets, convenience stores, lifestyle shopping precincts, and hawker centres within a few minutes’ drive away. Last but not least, the residence is also a 5-minute walk away from Bukit Timah Nature Reserve, offering a relaxing retreat for residents.

East Village is a four-storey freehold mixed-use mall located on Upper Changi Road, completed in 2014. Aside from the 108 shops on the ground floor, the mall accommodates 90 apartments on the upper levels with a basement carpark and a neighbouring open-air carpark. Transactional data and investment information about East Village can be found on EdgeProp’s Landlens tool.

Yap Hui Yee, executive director, investment sales & capital markets at Savills Singapore, says that in the Bedok-Upper Changi locale there only 3 strata-titled malls: East Village, Bedok Shopping Complex and Eastwood Centre. “East Village”, built in 2014 and offering a freehold tenure, is a standout amongst the locations.

Given its attractive price and freehold status, Yap expects to draw strong interest from investors and end-users for the two strata units. The units will be offered through an expression of interest exercise that closes on July 20.

With its amenities, location and attractive price offering, this is a unique opportunity that should not be missed!

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