Middle Road Commercial Building for sale at $80m

The six-storey property has a gross floor area of approximately 25,483 sq. ft.

A commercial building on Middle Road is up for sale through an expression of interest at a guide price of $80m, according to Huttons.

The six-storey building occupies an estimated land area of 5,554 sq. ft. and has a gross floor area of approximately 25,483 sq. ft. The guide price translates to around $3,138 per square foot.

The property, 45 Middle Road, has a 999-year leasehold tenure commencing in 1835.

It is surrounded by landmarks such as Raffles Hotel, the National Gallery Singapore, and the National Library, and is near Bugis, Bras Basah and City Hall MRT stations.

Commercial sites are not subject to Additional Buyer’s Stamp Duty or foreign ownership restrictions.

The property is open for offers until 7 December at 3 pm.

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