Very rare opportunity to own one of the best prime retail units in the heart of Bugis!
Milieu @ Middle Road comprises the most prominent commercial retail podium located at the heart of Bugis.
Milieu @ Middle Road is set to be an iconic addition to the rapidly rejuvenating Ophir-Rochor Corridor, boasting a sizable road frontage of almost 100-metres. Select investors are given the exclusive opportunity to acquire a quality retail asset with immediate high footfall catchment of potential passers by within the vicinity.
Some technical specs of the area, its a 99 years leasehold property starting from 2019. The space has a gross floor area of approx 26,100sqft, a net lettable area of approx 15,200sqft, and a outdoor refreshment area of approx 7,400sqft. Current rental income is approx $240,000 per mth, equivalent to a rental yield of approx 3.39%.
With numerous upcoming developments set in stone for the region, the full development potential of Bugis is yet to be unlocked. Mega projects such as Guoco Midtown is set to draw 10,000 new office workers and create 700 new luxury residential apartments.
The upcoming Kampong Bugis GLS site is also expected to draw in another 4,000 new residential units. As these plans come to fruition, investors are expected to benefit generously from rental and capital appreciation.
Foreigners are eligible to buy, whereby there would be no ABSD/SSD imposed.
So hurry, do contact Tommy at 8282XXXX for an exclusive viewing of the property.
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