The latest addition to the 31 commercial units at Midpoint Orchard is the highly anticipated Zion Road GLS, on sale for $281 million

A portfolio comprising 31 strata commercial units at Midpoint Orchard, a shopping mall along Orchard Road, is on the market through an expression of interest (EOI) exercise. The freehold units, which are to be sold collectively, are priced at $281 million.

The units are held under 31 individual strata lots located on multiple floors at Midpoint Orchard. The portfolio has an estimated floor area totalling 22,615 sq ft, according to marketing agent Huttons Asia.

Map and overview of Midpoint Orchard (Source: EdgeProp LandLens)

The units are regular in shape and include lots that are adjoining. Subject to approval from the Management Corporation Strata Title and relevant others, the new owner could potentially explore using the units for F&B ventures such as a buffet restaurant, food court and fast-food outlets, says Aric Lim, district director at Huttons Asia.

Lee Sze Teck, Huttons’ senior director of data analytics, points out that given their commercial zoning, no additional buyer’s stamp duty or seller’s stamp duty will be payable on the portfolio. “Investors who want to capitalise on the transformation of Orchard Road can consider this freehold portfolio which is seldom available,” he adds.

Recent transactions at Midpoint Orchard (Source: EdgeProp Research)

The EOI exercise for the portfolio will close on Feb 28.

Zion Road GLS

In search for your dream home in a prime location of Singapore? Look no further than Zion Road GLS, strategically located near the central business district and Orchard Road shopping belt. This upcoming luxury condominium offers top-notch amenities and easy access to transportation, with Orchard MRT station just a stone’s throw away. And with the future Havelock MRT station on the Thomson-East Coast Line, residents of Zion Road GLS can enjoy even more convenience and connectivity to various parts of the city. Don’t miss out on the opportunity to own a piece of this highly coveted address, visit Zion Road GLS now!

Zion Road GLS is the keyword
Zion Road GLS is the keyword

The portfolio is a prime opportunity for investors looking to tap into the bustling commercial scene of Orchard Road. With a total of 31 strata units, this freehold portfolio offers a sizeable floor area of 22,615 sq ft for potential buyers to explore. Located in the heart of Midpoint Orchard, this shopping mall is a popular destination for both locals and tourists.

The units are regularly shaped and have the potential to be combined, subject to approval from relevant authorities. This opens up the possibility for F&B ventures, including a buffet restaurant, food court, and fast-food outlets. Huttons Asia, the marketing agent for this portfolio, notes that with the commercial zoning of the units, there will be no additional buyer’s stamp duty or seller’s stamp duty payable upon purchase.

This is a rare opportunity to own a freehold portfolio on Orchard Road, a prime location that is undergoing transformation and development. Investors looking to capitalize on the growth potential of Orchard Road should consider this portfolio, which is seldom available on the market.

The portfolio at Midpoint Orchard has been priced at $281 million and is available through an expression of interest (EOI) exercise. The exercise will end on Feb 28, so interested parties should act quickly to secure this valuable investment. With recent transactions in the area showing strong demand for commercial properties, this portfolio is poised to bring in significant returns for its owner.

Don’t miss out on this opportunity to own a piece of Orchard Road’s prestigious commercial district. The freehold units at Midpoint Orchard offer potential for growth and are a rare find in the market. Investors should not hesitate to take advantage of this EOI exercise and secure this portfolio for themselves. Invest in the future of Orchard Road with this prime commercial property.