The retail unit is currently leased to SMH Craft at a monthly rent of $30,000, which translates to a gross yield of 2%.
A third-floor strata retail unit in People’s Park Centre in Chinatown is up for sale at a guide price of $18 million.
Spanning 6,415.28 sq ft, it is “one of the biggest units in this development”, according to a statement by Huttons Asia. The price works out to $2,806 psf.
