Fourteen strata shop units on the second storey of Holland Road Shopping Centre have been put up for sale.
The four-storey block shopping centre is located at 211 Holland Avenue.
The units have separate titles but are to be sold jointly.
They occupy a total gross floor area of 5,543 square feet.
All the units are currently tenanted and the tenancy will expire in 2013.
Property consultant Colliers International said the indicative price ranges between S$28 million and S$29 million.
This works out to about S$5,051 to S$5,231 per square foot.
Colliers International Deputy Managing Director of Agency and Business Services, Grace Ng, said Holland Road Shopping Centre enjoys an almost 100 per cent occupancy rate and its retail space has always been highly sought after.
She added that properties located in the Shopping Centre are likely to experience capital and rental appreciation due to the upcoming adjacent Holland Village MRT Station, which is scheduled to be ready in 2011.
The tender will close on August 5.
Source: Channel News Asia, 14 Jul 2010
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