Peninsula Shopping Centre Singapore Retail Space For Sale - S$3.5 million

Peninsula Shopping Centre Singapore Retail Space For Sale – S$3.5 million (999-year Leasehold)

Welcome to a unique investment opportunity in the heart of Singapore’s bustling commercial district.

Situated at 3 Coleman Street, this retail unit in the Peninsula Shopping Centre presents an unparalleled chance for property investors and business owners seeking to establish or expand their presence in a high-traffic area.

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Peninsula Shopping Centre Retail Unit Information

  • Status: For Sale

  • Type of Sale: Private Treaty

  • Tenure: 999-year Leasehold

  • Property Type: Single Retail Unit

  • Gross Floor Area: 1,496 sq ft

  • Floor Level: Middle

  • Currently Tenanted: June 30, 2027

  • Address: 3 Coleman Street, Peninsula Shopping Centre

  • Nearest MRT: City Hall (Walking Distance)

  • District: 6

  • Guide Price: S$3.5 million

  • PSF: S$2,340

  • GST Register: No

The retail unit’s exceptional location at the core of Singapore’s vibrant cityscape guarantees outstanding visibility and easy accessibility.

Being in the midst of a thriving commercial hub, this property is perfectly positioned to capitalize on the area’s dynamic environment.

One of the key advantages of this retail unit is the consistently high foot traffic, attributed to the nearby commercial buildings and offices.

This ensures a steady stream of potential customers and walk-ins, making it an ideal location for retail businesses aiming for maximum customer exposure and engagement.

Spanning a generous 1,496 sq ft, the unit’s spacious and squarish layout offers immense flexibility to accommodate a variety of business setups.

Whether you are looking to open a boutique, a specialty store, or a service-oriented business, this space allows you to tailor the interior to meet your specific business needs and branding requirements.

Peninsula Shopping Centre Singapore Retail Space Interior Photos

Peninsula Shopping Centre Singapore Retail Space Interior
Peninsula Shopping Centre Singapore Retail Space Interior Store

What is Peninsula Shopping Centre Singapore Famous for?

What is Peninsula Shopping Centre Singapore Famous for?

Peninsula Shopping Centre in Singapore is best known for its eclectic mix of shops, particularly those specializing in sports equipment, musical instruments, and related accessories.

The mall has a reputation as a haven for sports enthusiasts and musicians, housing numerous shops that offer a wide range of sporting goods, including specialty running shoes, outdoor gear, and custom-made sports apparel.

In addition to sports stores, Peninsula Shopping Centre is a popular destination for music lovers.

It hosts several stores selling musical instruments, from guitars and drums to traditional and classical instruments.

These stores not only sell instruments but also offer repair services and music lessons.

Reasons Why Establishing a Store in This Location is a Smart Business Move

Reasons Why Establishing a Store in This Location is a Smart Business Move

With its strategic location and abundance of amenities, Peninsula Shopping Centre in Singapore is an ideal spot for setting up a retail store. Here’s why:

  • Central Location: Nestled in the heart of Singapore’s central business district, the shopping centre enjoys high visibility and easy accessibility. It’s close to major roads and well-served by public transportation, including the nearby City Hall MRT station.

  • High Foot Traffic: Being in a bustling area, the centre attracts a steady stream of visitors, both locals and tourists. The high foot traffic is beneficial for retail businesses, as it increases potential customer reach.

  • Proximity to Iconic Attractions: The centre is near iconic landmarks such as the National Gallery, the Singapore Art Museum, and Fort Canning Park. These attractions draw visitors who are likely to explore nearby shopping options.

  • Vibrant Commercial Area: The area is filled with office buildings, hotels, and other commercial establishments, ensuring a regular flow of professionals and business travelers who are potential customers.

  • Diverse Consumer Base: The mix of tourists, professionals, and local residents in the area provides a diverse customer base for businesses.

  • Complementary Businesses: Peninsula Shopping Centre is known for its sports equipment and musical instrument stores, creating a niche market that can be advantageous for related businesses looking to tap into a targeted customer base.

  • Food and Beverage Options: The area boasts a variety of dining options, from local eateries to international cuisine, drawing additional foot traffic to the vicinity.

  • Cultural and Historic Charm: The centre’s location in a culturally rich area adds to its appeal, attracting customers interested in experiencing Singapore’s heritage.

Setting up a store in Peninsula Shopping Centre offers the advantage of a prime location with a steady flow of potential customers, making it an attractive proposition for businesses looking to establish or expand their presence in Singapore’s vibrant retail landscape.

If I Buy This Retail Unit at Peninsula Shopping Centre, What Business Set Up Should Be The Best?
If I Buy This Retail Unit at Peninsula Shopping Centre, What Business Set Up Should Be The Best?

Deciding on the best business to set up in a retail unit at Peninsula Shopping Centre in Singapore largely depends on the existing market dynamics, consumer demographics, and your unique business strengths.

However, considering the center’s profile and location, here are a few suggestions:

  • Specialty Sports Shop: Given the centre’s reputation for sports goods, opening a specialty sports store, focusing on niche sports or offering high-end sports equipment and apparel, could be successful.

  • Music and Audio Equipment Store: Building on the centre’s standing as a hub for musicians, a store selling musical instruments, audio equipment, and accessories could attract the centre’s existing customer base.

  • Art and Craft Supplies Store: Catering to the creative community around the cultural landmarks nearby, an art supply store could be a unique addition, offering materials for fine arts, crafts, and DIY projects.

  • Fitness or Wellness Center: A boutique fitness studio or a wellness center offering yoga, pilates, or martial arts classes could capitalize on the sports-centric crowd.

  • Tech and Gadget Store: Given the central location and high foot traffic of professionals, a store specializing in the latest tech gadgets, accessories, or repair services could be lucrative.

  • Fashion and Accessories Boutique: A boutique offering unique fashion items or accessories could cater to the diverse customer base that frequents the area.

  • Cultural Products Store: Leveraging the cultural richness of the area, a store selling traditional Singaporean or Southeast Asian crafts, artifacts, and souvenirs would appeal to both tourists and locals.

  • Health Foods and Supplements Outlet: Aligning with a sports and wellness theme, a health food store offering nutritional supplements, organic snacks, and health-related products could be successful.

Remember, the key to success in any retail venture is understanding the target market, offering quality products or services, and creating a unique customer experience.

It’s also important to conduct thorough market research and consider current trends and consumer preferences in the area.

How About Renting Out The Retail Space? Is it Good?
How About Renting Out The Retail Space? Is it Good?

Renting out a retail unit at Peninsula Shopping Centre in Singapore can be a good investment decision, considering several factors:

  • Steady Foot Traffic: The centre’s location in a busy area of Singapore ensures a consistent flow of foot traffic, which is beneficial for tenants looking to maximize exposure and sales.

  • High Demand for Retail Space: As a hub for sports equipment and musical instruments and in a culturally rich area, there’s likely to be a steady demand for retail space, especially from businesses in these niches.

  • Regular Income Stream: Renting out the unit provides you with a regular income stream. This can be particularly advantageous if the retail market in the area is strong and rental rates are competitive.

  • Flexibility: As a landlord, you have the flexibility to choose your tenants and negotiate lease terms that align with your investment goals.

  • Property Appreciation: Over time, the value of the retail unit may appreciate, especially given the central location of the Peninsula Shopping Centre and ongoing developments in the area. Additionally, with the retail unit’s 999-year leasehold tenure, it is poised for long-term appreciation in value.

  • Lower Risk than Operating a Business: Renting out the unit involves less risk compared to running a business yourself, as the tenant assumes most of the operational risks.

  • Diverse Tenant Pool: The area’s appeal to various types of businesses, from retail and F&B to services, allows for a diverse tenant pool, increasing your chances of finding a suitable renter.

However, it’s important to consider factors such as the prevailing market rental rates, the cost of any maintenance and repairs, and the terms of the lease.

Additionally, the success of renting out depends on finding the right tenant who can commit to a long-term lease and has a sustainable business plan.

In conclusion, renting out a retail unit in Peninsula Shopping Centre can be a good investment, but it’s crucial to do thorough market research and possibly consult with a real estate expert to understand the nuances of the local property market.

A Smart Investment for Savvy Entrepreneurs, Seize the Opportunity Now

A Smart Investment for Savvy Entrepreneurs

Owning a retail unit in Peninsula Shopping Centre not only means having a strategic business location but also investing in a property with potential for significant capital appreciation.

Investors looking to establish a foothold in one of Singapore’s most vibrant commercial districts will find this location, with its central position and continuous flow of patrons, to be an intelligent investment choice.

Seize the Opportunity Now

This retail unit represents more than just a physical space; it’s a gateway to endless possibilities in one of Asia’s most dynamic retail landscapes.

This opportunity is tailored to meet the aspirations of experienced property investors and business owners with a vision.

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