Freehold restaurant floor at Oxley Tower for sale at $12.9 mil

This property is an attractive asset for investors to consider acquiring and owning an entire freehold F&B floor space in the heart of CBD. With its direct lift access and floor-to-ceiling height of 4.9m, the property offers a panoramic view of the city and is located within walking distance of three MRT stations.CBRE presents an opportunity to investors such as family offices, corporates, and high-net-worth individuals with an expression of interest exercise that closes on April 26.Additionally, it is expected that the retail performance in the CBD will recover, leading to higher retail rents in the future. Prospective buyers must have the potential to generate sustainable returns and capital appreciation over time.

CBRE, the exclusive marketing agent for the property, presents Oxley Tower – a 32-storey building located along Robinson Road in the Central Business District of Singapore. With an expression of interest exercise and a guide price of $12.9 million, the property offers a rare opportunity for investors to acquire and own an entire freehold strata floor.

The asset, located on level 20 of the tower, has a total strata area of 3,025 sq ft and a guide price of $4,231 psf.It is currently tenanted, with direct lift accessibility and a floor-to-ceiling height of 4.9m. Its utilities and service area are located within the central core, providing occupiers with unobstructed views.

Senja Senja Close EC Residences is a 99 years leasehold EC located in District 23 at Senja Close with 300 units offering three and four-bedroom apartments, dual key units and penthouses. It has resort-style facilities and is conveniently located near the Bukit Panjang Integrated Transport Hub.

Michael Tay, CBRE’s head of capital markets, Singapore, believes the asset will appeal to investors such as family offices, corporates and high-net-worth individuals.

Additionally, its close proximity to three MRT stations – Tanjong Pagar (East-West Line), Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line) – presents yet another added bonus.

In light of a resurgence of office returning to the CBD, it is expected that the retail performance will recover and as a result, lead to higher rental returns moving forward. This can bring immense potential for investors to generate sustainable returns and capital appreciation.

Prospective buyers have until 3pm on April 26 to make their bids. With Oxley Tower, investors have the opportunity to acquire a freehold F&B floor space in the heart of Singapore’s CBD.