Six floors in AA Centre for sale

THE office space used by the Automobile Association of Singapore (AA Singapore) is up for sale.
The first six levels, or 55,774 sq ft, of the 14-storey AA Centre on River Valley Road at an indicative price of $90 million to $100 million was put up for sale.

The first four levels are owned by AA Singapore. There is a reception area, a multi-purpose hall and a cafeteria on the first level, and offices and clubhouse space, including a jackpot room and swimming pool, on levels two to four.

On levels five and six are 32 serviced apartments, all vacant. It is unclear if AA Singapore owns these apartments.

The residential units on the remaining eight storeys are owned by individuals. There are 90 parking spaces in the basement level for common use.

The building, which is on a freehold site, was developed by AA Singapore in 1984. Nearby transport links include the Central Expressway, the Ayer Rajah Expressway and Somerset MRT station.

The property could appeal to a variety of users, such as serviced apartment operators, corporate office users or groups dealing in education or medical tourism.

Source: The Straits Times – 27 June 2012