Golden Mile Tower strata cinema enters market at $31m

It has a strata area of 104,991 sq. ft.

A rare strata- titled cinema space located at 6001 Beach Road is up for sale via an Expression of Interest exercise for $31m, according to CBRE.

Located within Golden Mile Tower, the asset has a strata area of 104,991 square feet, comprising four auditoriums with a total seating capacity of up to 2,000 as well as office spaces.

"This cinema asset, situated on the city fringe, currently comprises four auditoriums along with office space and offers a high degree of versatility. Subject to the relevant authorities’ approval, there is potential to reconfigure the premises into a single large auditorium with a seating capacity of close to 2,000, or to partially convert the space into alternative uses such as an event venue, media production studio, or gym," said Joshua Giam, director of capital markets, Singapore at CBRE.

CBRE expects strong interest from both end-users and investors seeking a distinctive foothold, which offers creative repositioning, rental uplift and long-term capital appreciation.

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