It is getting really hard to find a collection of office units in the central area of Singapore which is why people are paying attention to the latest offer at High Street Centre. There are 14 office units for sale with a price guide of $17.8 million. This is a chance for investors to get a big commercial asset in a well-known development.

The portfolio has 10 office units on the floor and four more units on the ninth floor. All these offices together provide 9,300 square feet of space. This means the price is around $1,913 per foot. Of buying units one by one buyers can get a big holding in one go. This is something that you do not see often in Singapores property market.

Another good thing about this offer is that it can generate income away. All 14 units are rented out to a company that runs a -working space. So the property already earns income. Investors who like assets with tenants in place may see this as a big advantage. This is especially true in todays market where having tenants is very important.

The office spaces are designed to be flexible. They have layouts which make them good for many types of businesses. The new owner can keep the arrangement rent out the spaces to many tenants or use some of the space for their own business. This flexibility makes the portfolio attractive in the term.

High Street Centre was completed in 1974. Has a strong reputation as one of Singapores established mixed-use developments. The 29-storey building has office space, retail units and residential apartments. This creates an environment all day. Businesses in the development benefit from the people around and the convenience of a mature commercial setting.

The location of High Street Centre is one of its selling points. It is near the Singapore River. Close to many commercial offices, government institutions and lifestyle destinations. There are restaurants, cafes, banks and daily conveniences nearby. This makes it a practical place to work and easy for clients to visit.

The property is also well-connected to transport. City Hall MRT Interchange is a short walk away. This gives access to the North-South and East-West MRT lines. Clarke Quay MRT Station and Fort Canning MRT Station are also within walking distance. The central location also makes it easy to get to parts of Singapore by car.

For investors from countries the portfolio has extra advantages. Since these are office units foreign buyers can purchase the property without the usual restrictions on residential real estate. The transaction is also not subject to taxes. This makes commercial property very attractive to both overseas investors.

The demand for office space in High Street Centre is still strong. For example a 1,001 square foot office unit on the floor was sold in June for $2.15 million. Compared to this the portfolios price guide seems competitive. This is especially true since buyers are getting units that are already fully rented out.

It is not often that you can buy a portfolio of strata office units. Properties that have an established tenant, flexible office layouts and a central business location are hard to find. For investors looking for long-term income or companies wanting to secure a commercial asset this High Street Centre portfolio is worth serious consideration.

The Expression of Interest exercise will close a 3.00 pm on August 18. With its combination of size, stable tenancy and city-centre accessibility the portfolio is expected to attract interest from investors, family offices, corporate buyers and property funds looking for quality commercial assets, in Singapore.