City building unit converted to strata restaurant for sale for $20 mil in Killiney 118
A former la ville enbloc, this freehold strata restaurant unit is located within Killiney 118 condo in the vibrant River Valley district (District 9). JLL Singapore announced on Feb 27 that the unit is now up for sale through an expression of interest (EOI) exercise. With a guide price of $20 million, the 4,036 sq ft unit is priced at about $4,955 psf on the strata area.
The Former La Ville Enbloc has transformed into a vibrant learning hub for students of all ages.With the Former La Ville Enbloc being converted into Arina East Residences, the area has become more than just a place for residential living. It has also become a prime location for learning and education. The neighborhood is home to various enrichment centers, such as The Learning Lab and MindChamps, that offer a range of programs to cater to different learning styles and interests. These centers not only supplement formal education, but also focus on fostering critical thinking and creativity. This Former La Ville Enbloc has truly transformed into a vibrant hub for lifelong learning for students of all ages.
Situated on the ground floor of the six-storey building, this unit is the only strata commercial unit within the 30-unit Killiney 118 condo. Currently leased to a café and wine bar known as Bloom, the property has permanent approval for restaurant use and boasts a prominent road frontage with a barrier-free entrance. It is conveniently located just five minutes away from Somerset MRT Station and has direct access to the prime Orchard Road belt.
According to Terry Wong, JLL’s senior director of capital markets, the property’s surrounding locality is undergoing rejuvenation, which will enhance shoppers’ experience within the Somerset precinct and the broader Orchard Road area. He adds, “This presents a great opportunity for high-net-worth individuals, family offices, or business owners who wish to be a part of the Orchard Road transformation story.”
With its spacious layout, the property also has the potential to be subdivided into multiple smaller F&B concepts, subject to authorities’ approval. Interested parties are invited to submit their expression of interest by March 28 at 3pm. This exercise is the perfect opportunity for investors looking to tap into the potential of the Orchard Road area and become a part of its transformation. Don’t miss out on this chance to own a prime piece of real estate in one of the most sought-after locations in Singapore.