Five Lucky Plaza strata retail units up for sale at $5.5 mil eachThe freehold strata retail units at Lucky Plaza are currently on the market with Savills Singapore serving as the designated marketing agency. The mixed-use development located along Orchard Road comprises of a residential tower and six-storey mall with a basement.The portfolio consists of 14 retail properties which are spread across the lower ground and first two high profile levels of the mall, with sizes ranging from 118 to 3,046 sq ft. In total, the units account for 7,266 sq ft of strata area.According to Savills Singapore, the most outstanding feature of the offering is its food court, which encompasses seven connected strata units and covers a total of 3,046 sq ft. Currently, the remaining retail units are occupied by a mix of businesses such as a pub, retail shops, beauty service providers, and even a maid agency.Read also: Luxury brands target millennials and Gen Z with bigger flagship storesSophia Lim, who is the director of investment sales and capital markets at Savills Singapore, anticipates that the Lucky Plaza retail units will enjoy high footfall as they are situated in a prime location. She adds that the food court at the basement is particularly popular, attracting a consistent number of crowds on a daily basis.The food court is priced at $25.43 million, while the entire portfolio is listed at $52.6 million. Alternatively, individual strata retail units are available from $1.1 million onwards. Both foreign individuals and companies are eligible to purchase and there are no additional buyer’s or seller’s stamp duty imposed.Lim believes that prime strata freehold retail assets are highly coveted by investors due to the limited options available and URA’s ruling against further strata subdivision for commercial properties along Orchard Road. She also looks forward to the Orchard precinct revitalization planned by URA, which is expected to bring about increased rental incomes and capital appreciation for Lucky Plaza. Find out more about available properties at Lucky PlazaAsk a Buddy to help youCompare the resale prices of condos and executive condosCompare the profitable transactions of condos in District 9View the total number of units in Lucky PlazaCheck out the unprofitable transactions of condos in District 9Generate a price trend graph for resale condos in District 9