101 Beach Road Commercial En Bloc – Beach Road Enbloc Sale

101 Beach Road Commercial En Bloc Sale 2020

101 Beach Road mixed-use development site has recently been put up for a collective sale at a reserve price amounting to S$90 million.

This was informed by Cushman and Wakefield, the firm which is into real estate-related services.

The tender notice for the sale will soon be officially launched, the real estate management services said.

The 101 Beach Road property is situated on a corner spot at the juncture of Liang Seah Street and Beach Road occupying a space of 7,523 sq ft or 698.9 sq m.

The property enjoys a long 999-year lease that has been effective since the 25th January, 1827.

There is office, residential as well as retail units in the 6-storey building. According to Cushman and Wakefield, the property sits on a measured gross floor area or GFA of 3,515.89 square meters.

This is equivalent to 5.03 GPR or Gross Plot Ratio.

101 Beach Road property is close to the Bugis MRT Interchange station. It is also near to the upcoming under construction Guoco Midtown property.

Commercial Sales Made Big Headlines in Bugis District

It seems that investors focus heavily in this particular Bugis area. Just last year 2019, many commercial properties changed hand.

Bugis Junction and DUO Towers
  1. Bugis Junction Towers SOLD for S$547.5 Million to Angelo Gordon and TCRE Partners
  2. DUO Office & Retail Space Was Grab by Gaw Capital and Allianz for a Staggering Amount of S$1.575 Billion
  3. Hotel Andaz Located At Upper Floor Changed Hand for S$475 Million to Hoi Hup Realty

With Investors Placed a Huge Radar in this District 7, 101 Beach Road Commercial Site Might Pick Up By One of them.

Bugis MRT Interchange Station

Good Connectivity Boast Traffic and is Important to Any Businesses. Around 380m Away from 101 Beach Road Site is the Bugis MRT Interchange Station Which Provides 2 Lines: East West Line & Downtown Line

Commercial Site With Good Connectivity is Always Inside One of the Investors Checklists

101 Beach Road – 2 Redevelopment Options

The URA or Urban Redevelopment Authority has provided, in its outline application, 2 developmental allowable parameters for this Beach Road commercial property.

The first option is to convert the property into a commercial zone with a GPR of 4.2 and gross floor area of 2935.38 square meters.

The 2nd option is to construct a residential cum commercial building in its existing 5.03 GPR.

Both the options are in accordance with the Master Plan of URA that has been up since 2019.

If the full commercial option is chosen then according to the reserve price marked by the current owners, the per square foot ppr (per plot ratio) stays at S$2,848 with no payable development charge.

However, if the commercial/residential option is chosen then the psf (per square foot) per plot ratio works out to be S$2,394, said Cushman and Wakefield. They added that that this is subjected to rezoning the area successfully.

The building height as allowed by governmental regulation is 6 storeys.

Cushman and Wakefield’s capital markets director, Christina Sim said that there has been a rise in investor demand for such small sized assets.

She added that once all the commercial and residential projects in the area are completed it will become an ideal work-live-play neighbourhood. She expects prices to rise then.

The 101 Beach Road property tender will remain open till the 22nd July, 3 pm.

101 Beach Road En Bloc Details

Tenure: 999-year Leasehold

Land Size: 7,523 square feet

Gross Plot Ratio: 5.03

Nearest MRT: Bugis

Address: 101 Beach Road

District: 7

Marketing Agent: Cushman & Wakefield

Reserve Price: S$90 million

Status: For Sale
Tender Close: July 22, 2020
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