SINGAPORE (EDGEPROP) - A portfolio of 22 freehold retail and F&B units at Hexacube at Changi Road is on sale via an Expression of Interest (EOI) exercise, jointly marketed by Savills Singapore and CBRE Singapore.
The indicative guide price of $43.8 million, or around $3,252 psf. The combined strata area of the 22 units across the basement, ground floor and second floor, measures around 13,466 sq ft. Of this, 3,025 sq ft is approved for F&B use.
Hexacube is a freehold corner development with a 70-metre dual frontage along Changi Road and Lorong 105 Changi. The property is approved as Commercial with no additional buyer’s stamp duty or seller’s stamp duty imposed.
The property will benefit from higher pedestrian traffic flow by 2022 with the completion of nearby 1,399-unit Parc Esta, which will increase demand for retail businesses in Hexacube, says Galven Tan, deputy managing director at Savills Singapore.
Michael Tay, head of capital markets at CBRE Singapore, says, “At $3,253 per sq ft, the units are considered affordable given its freehold tenure and strategic location at the city fringe.”
“The buyer can acquire the units individually or collectively,” he adds. The EOI exercise will close at 3pm on Oct 20.