For Sale  -  Far East Plaza (D09)

S$ 2,300,000  Negotiable   |  S$ 5088.50 psf   |  452 sqft (41.99 sqm)  

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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    Property Information

    Development Name:
    Far East Plaza
    Property Type:Other Retail
    Tenure:Freehold

    Features:

    • Air conditioning

    Location

    14, Scotts Road
    Singapore 228213
    Nearest MRT Station
    • NS22 Orchard MRT Station (0.39 km)
    • NS21 Newton MRT Station (0.83 km)
    • TE13 Orchard Boulevard MRT Station (0.91 km)

    Nearest Schools
    • International School Singapore (ISS) - Elementary School (Grades K to 5) (0.56 km)
    • International Schools Singapore (ISS) - Middle School (Grades 6 to 8) (0.56 km)
    • Raffles Girls' Secondary School (0.71 km)

    Contact Agent about This Listing

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    Max Leow
    Premier Adviser | Associate Sales Director | Associate Team Director
    KF PROPERTY NETWORK PTE LTD
    maxleow.kf@gmail.com
    CEA Licence No.:
    L3008430D / R021227C
    +(65) 9145 3003