A pair of adjacent strata retail units at Peninsula Plaza, with a combined area of 1,119 sq ft, are currently on the market for $10.9 million. These 999-year leasehold units, located on the ground floor, boast a strategic position on North Bridge Road, offering high visibility and accessibility. The asking price of $10.9 million translates to $9,741 psf based on the strata area, making it an attractive investment opportunity. The two units are currently tenanted until 2026, providing investors with a 3% gross rental yield at the guide price of $10.9 million.Savills Singapore associate director of investment sales & capital markets, Nick Chan, who is managing the sale on a private treaty basis, notes that these units have arguably the best street frontage within the development and benefit from consistent footfall.The last transaction of a ground-floor retail unit in the building took place in August 2022, with a 452 sq ft unit fetching $4.08 million ($9,025 psf) according to the lodged caveat.Peninsula Plaza, built in 1980, is a 999-year, 30-storey mixed-use commercial building comprising a six-storey retail podium and a 24-storey office tower. It boasts a prime location on North Bridge Road, Coleman Street and Coleman Lane, and has a covered link to the City Hall MRT Interchange Station, making it easily accessible for commuters.Since the Urban Redevelopment Authority (URA) announced restrictions on strata subdivision of commercial properties in the CBD and Orchard corridors in March 2022, Savills’ Chan notes a growing demand for strata-titled units with 999-year and freehold tenure. Take a look at our latest listings for properties in Peninsula Plaza for more information.