A whole freehold strata floor in Oxley Tower located on Robinson Road in the CBD It is to auction through the expression of interest process that has a starting price at $12.9 million.
The 3,025 sq feet floor is located on level 20 of the tower. It offers an unobstructed 360-degree perspective of the CBD. The price range is $4,231 per square foot on the entire strata area. The property is currently rented according to CBRE who is the exclusive agency for marketing the property.
Oxley Tower It is a 32-storey tower constructed in collaboration with Oxley Holdings and completed in the year 2016. It is comprised of a three-storey shopping podium and a 29-story block that is mostly offices.
The tower block are equipped with direct access to lifts and an overall floor-to-ceiling height of 4.9m. The service and utility areas are situated in the central portion of the building. This provides residents with uninterrupted views.
“This is a rare opportunity for investors to purchase and own a whole area of retail space, which is permitted for F&B use, located in a freehold property in the CBD,” says Michael Tay CBRE’s head of capital markets Singapore.
He believes that the property will be attractive to investors, including corporates, family offices, and wealthy individuals. “With the return to office phenomenon gaining momentum and the performance of retail within the CBD is expected to improve which will increase retail rents in the future.”
Oxley Tower is located within walking distance to the three MRT stations — Tanjong Pagar (East-West Line) Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line).
The exercise to express interest to apply for strata floors is due to close on April 26th at 3pm.