Freehold strata shop unit at Lucky Plaza for sale at $16,100 psf

The mall is nearby landmarks like Tang Plaza, Wisma Atria, Ion Orchard, Ngee Ann City Mall, as well as The Paragon. Behind it are Mount Elizabeth Medical center and also high end flats along Mount Elizabeth and Cairnhill Roadway.

A tabulation of business resale caveats in between August 2022 and August this year by EdgeProp Singapore presents that the standard price of store units at Lucky Plaza is around $5,566 psf. Suggestive rental fees differ between $2.80 and $19.90 psf each month. This indicates a standard 2.4% rental yield for shop unit proprietors.

A business owner’s sale, the estate unit on Orchard Roadway has an overview rate of $7.1 million. This works out to approximately $16,100 psf based upon its flooring space of 441 sq ft.

The store unit indulges in a popular front view facing the pedestrian path, as well as its elevated placement above the street level supplies top view to walkers along with vehicles along Orchard Road. The unit is also near to the primary entrance of the shopping mall, alongside the taxi stand plus drop-off point serving the building.

Sceneca Residences MCC Land (Singapore) Pte Ltd

A store unit on the ground level of Lucky Plaza will most likely be placed on the neighborhood at Knight Frank’s coming sell-off on Sept 19.

Finished in 1981 by Far East Organization, Lucky Plaza is a property mixed-use project comprising retail stores, F&B shops, health-related centres, along with household apartments. The shops along with industrial units inhabit a seven-storey podium, while the residential units inhabit the ninth to 30th floors.

Lucky Plaza draws in fresh shoppers and also real estate investors every time new units appear. Based on URA caveats, seven outlet units successfully changed hands last year. The deals varied from the revenue of a 538 sq ft unit on the fourth level for $2.8 million ($5,209 psf) on Dec 7, to the sale of a 129 sq ft unit on the third flooring for $1.05 million ($8,129 psf) on April 21.

Thus far, there have been three resales at Lucky Plaza. The most latest was a 420 sq ft unit on the 3rd flooring that shifted hands for $3.3 million ($7,861 psf) on May 11.

Karen Ker, assistant manager of auction sale and also sales at marketing representative Knight Frank, says the unit will be featured with a tenancy that ends on Nov 30. Additionally, GST is not payable on the deal, and the sale will certainly not have extra customer’s stamp duty or seller’s stamp obligation.

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