Amazing En Bloc Opportunity Among Office Market Short Supply
The office and rental markets have been performing well over expectations, especially in the Bugis area with recent transactions like Duos and Bugis Junction Towers, followed by the latest collective sale launch of Bugis Cube through public tender exercise open till 3 pm, November 14, 2019.
Like the Bugis Junction Towers, it is being marketed by Cushman and Wakefield at an asking price of S$230 million.
Having agreed by the owners of more than 80% of the share value and strata area, it has promptly met the statutory requirements, though it was renovated and renamed as recently as 2013.
This six storey (its maximum height allowed) commercial building previously called the North Bridge Commercial Complex at 470 North Bridge Road has 66,614 sq ft GFA and a plot ratio of 5.735 and houses 119 strata-titled retail shops ranging in size from 29 sq ft to 635 sq ft.
It sits on 11,615 sq ft land area zoned commercial under Master Plan 2014 with plot ratio 4.2 with an attractive 999-year leasehold tenure.
While locals, PRs and foreigners are eligible to buy, it attracts no ABSD and SSD charges.