Katong Freehold commercial building up for sale

The newly built five-storey building is priced at $19m

A prime Katong Freehold commercial building at 143 East Coast Road across 112 Katong is up for sale.

The exclusive marketing agency for the sale, PropNex, is offering the commercial property via an expression of interest exercise, which will close at 3 pm on March 18.

The property has a freehold tenure and will be sold with tenancy.

It is located along popular F&B establishments such as NineThirty by Awfully Chocolate, Zaffron Kitchen, and Sin Hoi Sai Eating House. It is also only a couple of minutes’ walk to the upcoming Marine Parade MRT.

Spanning over five storeys with full glass frontage, the newly rebuilt property is prominently visible along the cross junction of East Coast Road and Joo Chiat Road. It has a land area of 2,251 sqft and a built-up area of 8,563 sqft, which excludes an open terrace on the fifth floor and car park lots. The ease of accessibility at the back lane provides an additional drop-off option for occupants and visitors to the subject property.

Since 2018, the five-storey property has been fully leased to 5 Steps Academy.

Zoned full "Commercial" under the Urban Redevelopment Authority's Master Plan 2019, the property is not subject to additional buyer's stamp duty and is eligible for purchase by foreigners.