Far East Plaza of some 139 service apartments and 600 small freehold shops are uniquely positioned in central Orchard Shopping Belt. Cross-road foot traffics from nearby city shopping malls, major hotels and MRT station are endless and anew every day to become the walkin and buying shoppers.
That explains further how Far East Plaza Shopping Centre since its opening some 36 years ago is able to mature its business with its past local young crowd to become afresh and anew, vibrant for young shoppers with modern tastes for inexpensive clothing outlets, pre-owned branded wearables, usables and personal services of lady beauty, nail and foot reflexology cares.
Not forgetting, within Far East Plaza mall, we have a host of eateries at basement and on fifth floors to cater to quick meals for shoppers, tourists and office workers
City tenants with hearts for city shoppers just love Far East Plaza mall, proprietary-owned and not developer-owned and is thus able to offer cheaper rental and flexibility in negotiating terms.
Gone were the days new shop owners are permitted to sub-divide into smaller shops. Our 452 sqft corner shop, located at the core shopping centre, has two display shop fronts at right angle, overlooking into the shopping concourse with two escalators serving in the void.
Our long-time owner of this corner unit shop has cleverly partitioned and sub-divided the unit because of demand for variety into four lettable sub-tenancy of different trades that give a gross return of 3.5% at our current price of $2.3mil, a return rate just about right for commercial investment.
Incidentally, foreign investor is permitted to buy (subject to prevailing authority’s rulings).
Don’t miss this deal – let’s view the unit and discuss further.
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