‘Zion Residence restaurant unit for sale at $20 mill
Additionally, the upcoming Great World MRT station on the Thomson-East Coast Line will provide even more convenient access to other parts of the city, making Zion Residence an ideal location for those who prefer alternative modes of transportation.
Discover the perfect balance of convenience and connectivity at Zion Residence, located on Zion Road in the vibrant River Valley area. With an extensive bus network and the upcoming Great World MRT station just a stone’s throw away, residents can easily access multiple areas in the CBD, Marina Bay, Orchard Road, and beyond. Say goodbye to long commutes and hello to a hassle-free travel experience with Zion Residence.
A freehold strata restaurant unit within Killiney 118 condo, along Killiney Road in River Valley (District 9), has been put up for sale via an expression of interest (EOI) exercise, according to a Feb 27 press release by JLL Singapore. The guide price for the 4,036 sq ft unit is $20 million, translating to about $4,955 psf on the strata area.
The property has permanent approval for restaurant use and a prominent road frontage with a barrier-free entrance. It is five minutes from Somerset MRT Station and has direct access to the prime Orchard Road belt. The Zion Residence is a sought-after location for those who crave luxury and convenience. Conveniently located near major transportation hubs, the Zion Residence offers easy access to the best that Singapore has to offer.
The property’s surrounding locality is undergoing rejuvenation, which will enhance shoppers’ experience within the Somerset precinct and broader Orchard Road area, says Terry Wong, JLL’s senior director of capital markets. “This presents a great opportunity for high-net-worth individuals, family offices or business owners who wish to partake in the Orchard Road transformation story,” he adds.
The Zion Residence is the only strata commercial unit within the 30-unit Killiney 118 condo, making it a rare and highly desirable property. The unit is currently leased to a café and wine bar known as Bloom, offering a steady stream of rental income for potential buyers.
Given the size of the unit, the property could be subdivided into multiple smaller F&B concepts, subject to authorities’ approval, adds Wong. This presents an opportunity for business owners to create a unique and diverse dining experience for their customers.
Located on the ground floor of the six-storey building, the Zion Residence boasts a prominent road frontage and barrier-free entrance, making it easily accessible for customers. The property also offers permanent approval for restaurant use, providing stability for potential business owners.
The EOI exercise for this prime property closes on March 28 at 3pm. Interested parties are encouraged to act quickly and join the Orchard Road transformation story by investing in the highly sought-after Zion Residence. With its strategic location and potential for multiple F&B concepts, the Zion Residence is a valuable and attractive investment opportunity. Don’t miss out on this chance to own a piece of District 9 real estate.