Two freehold commercial units in East Coast up for sale at $23.8m guide price

The sale will be conducted through an Expression of Interest exercise.

Savills Singapore has put up for sale two freehold commercial units in the East Coast enclave at a guide price of $23.8m or approximately $3,685 per square foot on the strata area.

The main road facing ground floor units located at East Gate has a total strata area of 6,358 sq ft. The property also represents 11% of the total share values in EastGate.

Currently, the property is fully leased to healthcare and supermarket tenants and comes with permanent “restaurant” approval.

Foreigners and companies are eligible to purchase the units since it was approved for “commercial” use, according to Savills. There is also no Additional Buyer’s Stamp Duty or Seller’s Stamp Duty imposed on the purchase of the property.
 
The sale will be conducted through an Expression of Interest exercise which closes on 28 March 2022 at 3:00 pm.