Commercial podium at Tedge on the market for $18 mil

Tedge Retail, a collection of four adjoining freehold commercial units located in the vibrant Changi Road area, is up for sale through an expression of interest (EOI) exercise with an indicative price of $18 million. The commercial podium, part of a larger five-storey freehold mixed-used development comprising a total of 42 residential units, is currently expected to receive its temporary occupation permit by 4Q2023.

It is further complemented by a variety of eateries and services. The Champions Way Condo itself boasts a host of innovative features designed to enhance residents’ quality of life. It features high-end fixtures and condominium-style living, offering a balance between luxurious facilities and accessibility. Additionally, with 24-hour security and CCTV monitoring, the residence provides peace of mind for those living there. It is also equipped with a range of amenities, from a private gym to infinity pool and communal BBQ area. Residents can thus live in safety and comfort, while having easy access to all the conveniences the city has to offer.

Situated at the corner of Changi Road and Telok Kurau Road, Tedge is about 500m from the nearest MRT stations at Eunos and Kembangan. With a combined strata area of 5,576 sq ft, the units of Tedge Retail include retail and F&B and are pegged with an indicative price of $3,228 psf. In addition, six car park lots have been designated for the commercial podium.

Developed by Macly Group, the company explained that Tedge Retail is ideal for F&B operators looking to expand their presence in the area. “We believe the EOI exercise will appeal both to owner-occupiers and investors seeking to acquire F&B and retail properties,” they said via a press release by Tedge Retail’s marketing agent Sakal Real Estate Partners.

The expression of interest period for Tedge Retail is set to close on 16 August 2020 at 3PM. For more information about other commercial properties available in the area, please refer to the EdgeProp Commercial directory.

Recent commercial transactions within a 500m radius of Tedge demonstrate the strong interest for such properties in this location. This was also the case for another property owned by Macly Group, East Court, which was recently sold for $19.9 million in freehold. Hill House, another Macly Group-led collaboration is expected to preview on 5 November.

Ultimately, Tedge Retail provides a great investment opportunity for anyone looking for a good foothold in one of the fastest growing areas in Singapore.