Eight Freehold Commercial Units Grandview Suites Geylang Market 26 Mil
in Singapore
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Singapore’s popular mixed-use development Grandview Suites is offering a rare opportunity to acquire eight freehold commercial units through an expression of interest exercise (EOI). The properties, marketed by Huttons Asia, are strategically located along Lorong 22 Geylang in District 14 and have a collective guide price of $26 million.
Grandview Suites, which was completed in 2016, features a total of 52 residential units and eight commercial units over five storeys. This freehold development stands at the corner of Geylang Road and Lorong 22 Geylang and boasts a unique combination of heritage and modernity, particularly evident in the three commercial units housed in a conserved building that fronts Geylang Road and is attached to the main residential block. This building was previously home to the historic Aerated Water Eastern Company and adds a special charm to the commercial spaces, according to James Wong, head of sales and auction at Huttons Asia.
The eight commercial units, located on the ground floor, have a combined floor area of 8,804 sq ft, with unit sizes ranging from 409 sq ft to 3,068 sq ft. The current tenants include a gym, medical and dental clinics, a commercial school and a salon.
Since the units are zoned for commercial use, buyers will not have to pay additional buyer’s or seller’s stamp duty, explains Lee Sze Teck, senior director of data analytics at Huttons Asia. He adds that the development’s strategic location, high visibility and convenient access make it an attractive investment opportunity for businesses.
These eight commercial units were initially put up for sale in 2021 for the same guide price of $26 million and were previously marketed by Knight Frank Singapore. Interested parties can submit their proposals for the properties via EOI until July 25 at 4pm. For more information on commercial real estate properties in Singapore, check out the latest listings.
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