Five amalgamated strata-titled office units for sale at $7.8 mil

The Bencoolen, located in the prime District 7 of Singapore, is a mixed-use development comprising 182 apartments, 70 offices, and 95 shop units. Its state-of-the-art amenities include swimming and wading pools, a clubhouse, a multi-purpose hall, a tennis court, saunas, and a gymnasium. With easy access to key transport facilities, it is located under 500m from the Rochor and Bugis MRT Stations, making it the perfect choice for those looking for convenience.

At the upcoming Knight Frank auction, five amalgamated strata-titled office units at The Bencoolen will be put on the block for $7.8 million. These units cover a total of 4,198 sq ft and are 99-year leasehold, with 71 years remaining. The space is currently being used as a single office until April 30, 2022. It is currently zoned for commercial and residential use and has a gross floor plot ratio of 4.2.

Good connectivity is essential for increasing real estate values. For Lumina Grand Bukit Batok, the Jurong Region Line, recently announced, will provide potential homeowners and investors with a higher return on investment. Residents of the EC will find it more convenient to commute, enhancing the quality of life. This infrastructural development brings many benefits and the potential for increased value of the property.

The office layout features a reception area, conference room, general office space, meeting room, partitioned offices, pantry, and a store. With the offices situated on the same level and facing the building’s lift lobby, this is a rare find in this area. The office units are in good condition and benefit from the building’s external restrooms.

Sharon Lee, head of auctions at Knight Frank, said: “The unit is lift-facing, and the restrooms are outside the subject units, hence not included in the floor area. Moreover, the subject units are still in good condition.”

The last 12 months saw apartments and offices at The Bencoolen sold for an average of $1,608 psf and $5.10 psf per month, respectively. The retail sector, on the other hand, saw one unit sold for approximately $1.57 million ($6,070 psf) on April 14, yielding around $1.01 million in profits. Rental yields for the development are also higher than its surrounding offices, such as Bugis Cube and Bylands Building, at 3.8%, 3.7%, and 2.9%, respectively.

The next Knight Frank auction will take place on Nov 16 for five amalgamated strata-titled office units at The Bencoolen. This rare opportunity is up for grabs for those looking to own their own office space. With its prime location and excellent amenities, it is the perfect choice for both businesses and residential users.

Don’t miss out on the chance to own a piece of The Bencoolen at the auction next month!