Commercial building at 167, 169 Selegie Road up for grabs

It has an asking price of $20m.

A five-storey conserved commercial building at 167 and 169 Selegie Road has been put up for sale for $20m.

According to Cushman & Wakefield, the freehold property has a land area of 2,956 sqft. and total floor area of 10,292 sqft.

The building is located on the city fringe along Selegie Road, which is part of the Mount Sophia Conservation Area.

It is near the National Museum of Singapore and the Singapore Arts Museum, and retail centers Bugis Junction, The Cathay, and Wilkie Edge.

According to Capital Markets executive director Shaun Poh, “167 & 169 Selegie Road is an exceptional investment opportunity, given its freehold tenure, prime city fringe location in a historic precinct and close proximity to two MRT stations. The property is likely to appeal to end- users such as design houses, co-working operators, and commercial schools, amongst others, seeking to own a prominent and historic building for their own operations, or opportunistic funds and investors looking for investment-grade assets with value-enhancement or yield generation potential."

The tender exercise will close on 19 October 2017 at 3 p.m.

Photo by Jacklee - Own work, CC BY-SA 4.0

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