Mortgage Sale Three Office Units Sbf Centre
PropNex Realty is proud to announce their latest transaction – the mortgage sale of three adjacent office units in the prestigious SBF Centre. Located at 160 Robinson Road, this Grade A commercial building is highly sought after and offers a total floor area of 1,969 sq ft on its 13th floor.
These units are currently being offered for sale collectively through a tender process, with no guide price disclosed. It is important to note that individual purchase of the units is not available, and interested parties must submit their bids before the tender closes on July 4th.
SBF Centre is a 31-storey building in the heart of the Central Business District (CBD). As a 99-year leasehold property, it boasts a range of amenities including retail and F&B units on the first floor, medical suites on the third and fifth floors, and offices on the remaining levels. The building has also been awarded a Platinum Green Mark certification, making it a highly sustainable and eco-friendly choice.
Completed in 2016, SBF Centre is the newest addition to the Grade A, 99-year leasehold strata office properties in the prime CBD area. According to Tracy Goh, Head of Auction and Capital Markets at PropNex, this is a rare opportunity for investors to acquire three adjoining strata office units in a modern development with a long lease left on its tenure. In addition, the development is conveniently located near Tanjong Pagar MRT Station on the East-West Line and Shenton Way MRT Station on the Thomson-East Coast Line, providing easy access for commuters.
While the guide price for the three units has not been disclosed, there have been three commercial resale transactions at SBF Centre this year. The most recent of which was the sale of a 667 sq ft unit on the 26th floor for $2.34 million ($3,503 psf) on March 28th. Two other transactions were registered in January, including the purchase of a 667 sq ft unit on the 25th floor for $2.08 million ($3,117 psf), and a 678 sq ft unit on the 23rd floor for $2.34 million ($3,449 psf). This highlights the strong demand for commercial properties in this prime location.
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If you are interested in investing in the highly sought-after SBF Centre, don’t miss this rare opportunity to acquire three adjoining strata office units. Submit your bid before the tender closes on July 4th to secure this prime property.