Two dental clinics and a corner HDB shophouse unit on sale via EOI

The portfolio is available for collective or individual purchase.

CBRE has put up for sale a portfolio of three strata retail units in Orchard, Marine Parade, and Bukit Merah via an expression of interest (EOI) exercise. The assets can be bought individually or collectively.

The units at Midpoint Orchard and Parkway Parade are currently leased to a dental clinic, whilst the unit at 163 Bukit Merah Central is a Housing Development Board (HDB) shophouse.

The freehold unit in Midpoint Orchard spans 1,055 sq ft and is on level 2. It is located in Somerset along the Orchard Road shopping belt, near Somerset MRT station. It has a guide price of $4.8m or $4,550 per sq ft (psf).

Priced at $2.2m or $3,349 psf, the Parkway Parade unit has a strata area of about 657 sq ft and is on level 5. Parkway Parade is a 22-storey commercial development with an office tower and a seven-storey retail mall. It is near Marine Parade MRT station on the Thomson-East Coast Line.

Meanwhile, the HDB shophouse is a corner unit with dual frontage, spanning 840 sq ft on level 3. It will be sold with vacant possession and is suitable for clinics, pet shops, and fitness studios, amongst others. It has a guide price of $1.3m or $1,548 psf.

The property is located in Bukit Merah Town Centre, which offers amenities such as a food centre, polyclinic, supermarket, HDB branch office, and retail shops.

The EOI will close on Wednesday, 30 April, at 3 pm. Foreigners and companies are eligible to purchase, and no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) are applicable to the transactions.

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