Peninsula Shopping Centre Retail Space For Sale

Status: For Sale

Type of Sale: Private Treaty

Tenure: 999-year Leasehold

Property Type: Single Retail Unit

Gross Floor Area: 1,496 sq ft

Floor Level: Middle

Currently Tenanted: June 30, 2027

Address: 3 Coleman Street, Peninsula Shopping Centre

Nearest MRT: City Hall (Walking Distance)

District: 6

Guide Price: S$3.5 million

PSF: S$2,340

GST Register: No

Central Location: Nestled in the heart of Singapore’s central business district, the shopping centre enjoys high visibility and easy accessibility. It’s close to major roads and well-served by public transportation, including the nearby City Hall MRT station.

High Foot Traffic: Being in a bustling area, the centre attracts a steady stream of visitors, both locals and tourists. The high foot traffic is beneficial for retail businesses, as it increases potential customer reach.

Proximity to Iconic Attractions: The centre is near iconic landmarks such as the National Gallery, the Singapore Art Museum, and Fort Canning Park. These attractions draw visitors who are likely to explore nearby shopping options.

Vibrant Commercial Area: The area is filled with office buildings, hotels, and other commercial establishments, ensuring a regular flow of professionals and business travelers who are potential customers.

Diverse Consumer Base: The mix of tourists, professionals, and local residents in the area provides a diverse customer base for businesses.

Complementary Businesses: Peninsula Shopping Centre is known for its sports equipment and musical instrument stores, creating a niche market that can be advantageous for related businesses looking to tap into a targeted customer base.

Food and Beverage Options: The area boasts a variety of dining options, from local eateries to international cuisine, drawing additional foot traffic to the vicinity.

Cultural and Historic Charm: The centre’s location in a culturally rich area adds to its appeal, attracting customers interested in experiencing Singapore’s heritage.

Specialty Sports Shop: Given the centre’s reputation for sports goods, opening a specialty sports store, focusing on niche sports or offering high-end sports equipment and apparel, could be successful.

Music and Audio Equipment Store: Building on the centre’s standing as a hub for musicians, a store selling musical instruments, audio equipment, and accessories could attract the centre’s existing customer base.

Art and Craft Supplies Store: Catering to the creative community around the cultural landmarks nearby, an art supply store could be a unique addition, offering materials for fine arts, crafts, and DIY projects.

Fitness or Wellness Center: A boutique fitness studio or a wellness center offering yoga, pilates, or martial arts classes could capitalize on the sports-centric crowd.

Tech and Gadget Store: Given the central location and high foot traffic of professionals, a store specializing in the latest tech gadgets, accessories, or repair services could be lucrative.

Fashion and Accessories Boutique: A boutique offering unique fashion items or accessories could cater to the diverse customer base that frequents the area.

Cultural Products Store: Leveraging the cultural richness of the area, a store selling traditional Singaporean or Southeast Asian crafts, artifacts, and souvenirs would appeal to both tourists and locals.

Health Foods and Supplements Outlet: Aligning with a sports and wellness theme, a health food store offering nutritional supplements, organic snacks, and health-related products could be successful.

Steady Foot Traffic: The centre’s location in a busy area of Singapore ensures a consistent flow of foot traffic, which is beneficial for tenants looking to maximize exposure and sales.

High Demand for Retail Space: As a hub for sports equipment and musical instruments and in a culturally rich area, there’s likely to be a steady demand for retail space, especially from businesses in these niches.

Regular Income Stream: Renting out the unit provides you with a regular income stream. This can be particularly advantageous if the retail market in the area is strong and rental rates are competitive.

Flexibility: As a landlord, you have the flexibility to choose your tenants and negotiate lease terms that align with your investment goals.

Property Appreciation: Over time, the value of the retail unit may appreciate, especially given the central location of the Peninsula Shopping Centre and ongoing developments in the area. Additionally, with the retail unit’s 999-year leasehold tenure, it is poised for long-term appreciation in value.

Lower Risk than Operating a Business: Renting out the unit involves less risk compared to running a business yourself, as the tenant assumes most of the operational risks.

Diverse Tenant Pool: The area’s appeal to various types of businesses, from retail and F&B to services, allows for a diverse tenant pool, increasing your chances of finding a suitable renter.