Office for Sale: High-Yield, Freehold Commercial Property in the CBD

The six-storey commercial development with basement enjoys prominent visibility along Cecil Street- one of the key streets that links Raffles Place to Tanjong Pagar, defined by strong urban forms and street edges. The two floors are leased to a strong tenant profile ; each with a strata area of 3,929 square feet in a regular column free layout held by a single ownership. The total floor area of 7,858 sq ft represents over 30% of the total strata area in the building. Built in circa 1983, TPI Building sits on a plot with a maximum plot ratio of 12.6, which offers an opportunity for collective sale and/or redevelopment to further extract the underutilised plot ratio, subject to planning approvals. Foreigners are eligible to purchase the assets; no additional buyer’s stamp duty (ABSD) is payable. --- Located in Singapore’s Central Business District (CBD), Downtown Core planning area 2 minutes walk to Telok Ayer MRT Station (Downtown Line) and 5 minutes walk to Raffles Place MRT Interchange (North South and East West Line) with lifestyle, F&B convenience all around Easily accessible via the Ayer-Rajah Expressway (AYE), Central Expressway (CTE) and Marina Coastal Expressway (MCE). ABOUT US Our capital markets teams leverage an integrated suite of investor services to deliver strategies to solve complex real estate challenges. As a team we bring extensive expertise to bear for clients, including strategy development and investment planning, identification and sourcing, independent investment analysis, negotiation and due diligence, and ongoing investment oversight. ABOUT CUSHMAN & WAKEFIELD SINGAPORE Our capital markets teams leverage an integrated suite of investor services to deliver strategies to solve complex real estate challenges. As a team we bring extensive expertise to bear for clients. Call 8533 XXXX for a consultation or viewing request.