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COMMERCIAL PROPERTY, RETAIL | Staff Reporter, Singapore

Ground floor retail space and office floors at The Octagon for sale at $43m

The ground floor unit occupies 3,617 sqft whilst the two upper office floors each have 6,189 sqft.

The prime freehold ground floor retail space and two office floors at The Octagon have been launched for bulk sale by tender at an indicative price of $43m, an announcement by marketing agent Cushman & Wakefield revealed.

Located at 105 Cecil Street, The Octagon is a 25-storey prominent standalone office building with two levels of basement carpark sitting on a prime freehold plot in the heart of Singapore’s Central Business District (CBD).

Located on the 1st , 2nd and 4th floor, the properties have a total strata area of approximately 15,995 sqft, with the ground floor retail unit occupying 3,617 sqft and the two upper office floors each has 6,189 sqft. The ground floor unit is leased to a fitness centre while the two upper office floors are occupied by two separate childcare centres.

The total indicative price of $43m for the three floors works out to be $3,500 psf for the ground floor retail unit, and $2,450 psf for the two office floors.

The tender exercise will close on 3 July at 3 p.m. 

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