182 Clemenceau Avenue

182 Clemenceau Avenue

182 Clemenceau Avenue View1

Property Type

Office/Commercial
Property Size
46,490 Sq Ft
Available Space
46,490 Sq Ft
Tenure
Leasehold
Related Links

DescriptionClick Here To View Mapped Property

Click Here To View Mapped Property

INTRODUCTION

Jones Lang LaSalle ("JLL") is the exclusive advisor to Reagle Investment Holdings Pte Ltd (the "Vendor") for the divestment of the property located at 182 Clemenceau Avenue in Singapore.

The 6th-storey office building is located within proximity to Singapore's Central Business District ("CBD") and prime retail shopping belt, Orchard Road. The property is accessible via various transportation linkages such as Dhoby Ghaut Interchange MRT Station and the Central and Ayer Rajah Expressways. In addition, there are abundant amenities surrounding the property including shopping centres such as Park Mall, Plaza Singapura, The Cathay, PoMo, as well as restaurants and hotels such as Rendezvous Hotel and Novotel Clarke Quay.

With a wide frontage along Clemenceau Avenue, the property has excellent signage and branding exposure.

The divestment of this property presents a rare opportunity to acquire a 100% interest in a well-located, good quality building that is ripe for asset enhancement and will provide the buyer with potential capital appreciation in the medium to longer term.


KEY INVESTMENT HIGHLIGHTS

Area undergoing rejuvernation as commercial hub - The Vicinity is undergoing rejuvenation with (i) the redevelopment of Park Mall into a brand new commercial development comprising Grade A office towers and a retail podium and (ii) the conversion of the neighbouring House of Tan Yeok Nee into an luxurious and upmarket Traditional Chinese Medicine ("TCM") Centre. The subject property will enjoy spillover of activities with the increased vibrancy of the area which could potentially result in strong capital and rental appreciation in the medium to long term

Strategic location between Orchard Road and the CBD - Proximity to prime Orchard Road belt and Singapore's CBD is further enhanced by its accessibility to the Dhoby Ghaut Interchange MRT Station and major expressways. Office premises in these "CBD Fringe" locations are desirable and affordable alternatives to the more costly traditional office locations in the CBD.

100% Ownership & Control - One of few assets in the Singapore market that will give an investor full ownership and control at a palatable investment lot size, appealing to investors and owner-occupiers alike.

Potential Conversion of property to higher value use - Potential for change of use from existing office use to uses such as Food & Beverage ("F&B"), Retail, Co-Working Hub, Medical Suites, Commercial School, Entertainment, Showroom, Hotels and Serviced Apartments.

Highly visible street frontage - Wide, prominent frontage that is highly visible to pedestrians and vehicular traffic. Signage and naming rights opportunities will be a differentiator and selling point when attracting future tenants.

Rectangular floorplate suitable for whole floor tenants - Highly efficient, regularly-shaped rectangular floorplates and side core design for maximum efficiency of office space.


Address 182 Clemenceau Avenue, Singapore 239923
Latest A&A Works 2014
Lot Description Lot 99474W Town Subdivision 20
Land Tenure Leasehold 99-years wef 24 September 1993
Land Use Zoning Commercial
Site Area 12,007 sq ft (1,115.5 sq m)
Approved Plot Ratio 4.6218
Gross Floor Area 55,493 sq ft (5,155.45 sq m)
Net Lettable Area 46,490 sq ft
Efficiency 83.8%
No. of Floors 6 floors above ground
Typical Floor Plate 9,623 sq ft
Clear Ceiling Height 2nd floor - 3.0 to 3.55m
3rd-5th floors - 2.75m
6th floor - 2.78m
Car Parking 12 lots


Contact Agent
Anthony Barr_Commercial Real Estate Agent
Anthony Barr

+65 6494 3889

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Clemence Lee_Commercial Real Estate Agent
Clemence Lee

CEA No: R046342Z

+65 6494 7084 / 65 9724 2939

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