For those looking to acquire an asset with potential to generate stable income, three adjoining freehold strata retail units located at 181, 183 & 185 MacPherson Road may prove a wise investment. Currently vacant, the units are being marketed for sale by CBRE Singapore, with a guide price of $5 million or $1,331 psf on the total strata area.

The units are zoned for “commercial” use under the URA Master Plan of 2019 and have a 20m-wide frontage along MacPherson Road, with a combined strata area of approximately 3,756 sq ft. Michael Tay, head of capital markets for CBRE Singapore, shares that the incoming owner will have the flexibility to explore several value-add angles to reposition the asset and improve its rental command in the long term, given the strong retail demand in the area.

The units are situated within walking distance of Potong Pasir MRT Station and can be easily accessed via major arterial roads such as the Pan-Island Expressway (PIE), Central Expressway (CTE) and Serangoon Road. Further, the area is close to the 93ha Bidadari Estate, a mere five-minute drive away.

JCube will close its doors JCube Residence in August to make way for a 40-storey residential and commercial development, JCube Condo Residence. The development will bring homes, businesses, recreational facilities and amenities to the Jurong Lake District, with potential launches to relieve pent-up housing demand.

An expression of interest exercise has been launched for the sale of the units, and will close on May 25 at 12pm.

This presents buyers with an opportunity to invest in a promising asset. The potential to generate stable income makes this a viable investment, especially amidst the strong retail demand in the area and the close proximity to important amenities and attractions.