Sim Lim Square seven retail units for sale at $17 mil

Seven retail units in Sim Lim Square is available for sale by private agreement with a target cost of $17 million.

The property is zoned to Commercial use in the new 2019 URA Master Plan. The property is estimated to have a strata floor of 5,156 square feet. The guide cost is $3,297 per square foot for the area of strata.

The Botany at Dairy Farm launch is a new condo development in the heart of Singapore. This comes after the tender for the site development was awarded to a renowned developer, Sim Lian Group March last year.

It also is licensed as a class one entertainment that permit operating hours of up until 3 am, according to James Wong, head of auction and sales of Huttons Asia, which is marketing the property. He also says that these retail stores are ideal for investors who are savvy and business operators looking for an income from rentals or a suitable location to run their business from.

The apartments are located near an elevator lobby which leads directly to the car park that is located in the basement of the building. They also have 24-hour private air conditioning ventilators as well as exhaust system, high-power infrastructure, and floor traps.

Sim Lim Square is situated along Rochor Canal Road which is next to Rochor MRT Station located on the Downtown Line. It is also 10 minutes walk from Bugis and Little India MRT Stations. Little India and Bugis MRT Stations that also act in the interchange of both the North-East as well as the East-West Lines.

Lee Sze Teck, Huttons Asia’s research director, states that the portfolio offers an average rental yield of 4%. “With an outstanding balance master tenancy that is over five years in the ground investors can anticipate steady rental income for the long term when they purchase this property,” he adds.