Savills Singapore, as the exclusive sole marketing agent, is pleased to offer a portfolio of strata office units for sale at Sunshine Plaza, a mixed-use development located in the Bras Basah – Bugis enclave.
The portfolio consists of 12 office units with sizes ranging from 484 sq ft to 1,346 sq ft, with the total portfolio comprising 9,805 sq ft of strata area.
Sunshine Plaza is a mixed-use development consisting of a 12-storey office tower, retail podium and three residential blocks with 160 residential units. Sitting at the junction of Bencoolen Street and Middle Road, Sunshine Plaza commands a distinguished presence with its prominent dual road frontage of approximately 172 metres.
Set within the fast-transforming Ophir-Rochor Corridor – an extension of Singapore’s CBD - Sunshine Plaza is located in the heart of Singapore’s cultural and intellectual epicentre that is set to grow and evolve with upcoming new developments in the vicinity such as the Guoco Midtown mixed-used development, the redevelopment of GSM Building to be part commercial and part serviced residence, and the redevelopment of Peace Centre / Peace Mansion. Sunshine Plaza has always been a choice office option for businesses in the law, fashion, education center, shipping, design, creatives and media trade.
Ms. Sophia Lim, Director, Investment Sales & Capital Markets at Savills Singapore, noted: “Besides sitting at the gateway of the CBD and Orchard Road, Sunshine Plaza is also in an attractive locality with a growing cluster of new economy, technology and higher education, surrounded by live-work-play-learn amenities. The portfolio of 12 units offers buyers the flexibility to purchase units according to their requirements – investors can enjoy yields from 3.5% onwards for selected tenanted units and owner-occupiers have units available for immediate occupation.”
Sunshine Plaza enjoys seamless connectivity and accessibility being 600 metres away from 5 MRT stations, namely Bencoolen MRT (1 minute walk), Bras Basah MRT (3 minutes walk), Rochor MRT (7 minutes walk), Bugis MRT Interchange (10 minutes walk) and Dhoby Ghaut MRT Interchange (10 minutes walk). Orchard Road and the CBD are also a short 10 minutes drive away.
“With the ongoing rejuvenation of the Ophir-Rochor corridor and upcoming developments that would be injecting vibrancy to the Bras Basah Bugis locale, Sunshine Plaza is well poised to benefit from the transformation.
Given Sunshine Plaza’s modern office specifications, unparalleled convenience to 5 MRT stations and access to a myriad of amenities, buyers can expect stable rental and capital appreciation in the medium term.” Ms Lim added.
The guide price of the office units starts from $932k onwards, with the entire portfolio’s asking price at $18.4 million. Both foreigners and companies are eligible to purchase, and no additional buyer’s or seller’s stamp duty will be imposed.
The sale will be conducted through an Expression of Interest (EOI) exercise which closes on Tuesday 21 November 2023, at 3pm.