Commercial units up for sale are really hard to find these days so if you are hunting for one, you’re in luck! Join us as PropertyLimBrothers brings you to these three commercial units in a shopping mall that are up for sale. Nestled within Royal Square at Novena in District 12, they are of a 99-year leasehold starting from 2013, leaving them with a healthy balance lease of about 90 years. Developed by Hoi Hup Realty Pte Ltd and Sunway Development Pte Ltd, Royal Square at Novena is within a two minutes’ walk to two hospitals while being in vicinity to the future Heathcity Novena.
Being within walking distance to these healthcare facilities would mean a constant stream of footfall for the units. On top of that, these units are all within close access to the escalator and lifts which gives a greater visibility to the shoppers. In addition, a drop-off point is located at the carpark entrance on the same level, which can possibly equate to more visibility as well.
Diving further into these three units, all of them are located on the second level of Royal Square. Sized between 807 sq ft to 2,667 sq ft, two out of the three units are currently tenanted out. They are priced between $4.88 mil to $14.9 mil with a consistent rental yield potential of between 2% to 3%, so watch on as Jesley and Patricia share more on these rare gems!
