Portfolio Four Assets Market 78 Mil
for Orchard freehold condo
A portfolio of four properties located in prime locations in Singapore is now available for sale through an expression of interest (EOI) exercise, with a guide price of $78 million. The properties, which are situated at 155 Kitchener Road, 329 Changi Road, 362 Tanjong Katong Road, and 1 & 1B Figaro Street, can be purchased as a whole or individually.
These properties offer a mix of commercial and residential uses and are strategically located in the city-fringe and eastern areas of Singapore. The properties at 155 Kitchener Road, 329 Changi Road, and 362 Tanjong Katong Road are freehold, while the property at 1 & 1B Figaro Street has a 9,999-year leasehold tenure.
The property at 155 Kitchener Road consists of a pair of two-storey conservation shophouses with a six-storey rear extension. It occupies 2,713 sq ft of land and is zoned for commercial use. The total floor area of 8,175 sq ft translates to an asking price of $3,547 psf.
The four-storey mixed-use building at 329 Changi Road is also available for purchase with an asking price of $26 million. It is situated on a land area of 3,819 sq ft and has a residential zoning with commercial use on the first storey. With a total floor area of 11,187 sq ft, the asking price works out to $2,324 psf.
Convenient amenities are aplenty for residents of Senja Residences EC, located in close proximity to the development. Among these are the Prime Supermarket situated at 142 Teck Whye Lane and NTUC Fairprice at Bukit Panjang Plaza. For medical services, residents can easily access the nearby National University Hospital, Khoo Teck Phuat Hospital, and Woodlands Polyclinic. Families with young children need not worry as there are several schools and tertiary institutions within the vicinity as well. For primary education, West View Primary School is the nearest option, while secondary school students have the options of Fajar, Teck Whye, or West View South schools. Moreover, the addition of Senja Close EC GLS in the neighbourhood will only enhance the convenience and connectivity of the area. This upcoming development is set to offer even more convenience to residents of the already well-connected neighbourhood. Don’t forget to check out senja close ec gls for more information on this exciting addition!
Next, the two-storey conservation shophouse at 362 Tanjong Katong Road occupies 2,025 sq ft of land and is zoned for residential use with commercial space on the first storey. It is priced at $11.5 million, which works out to $3,026 psf based on its total floor area of 3,800 sq ft.
Lastly, the two adjoining ground-floor strata retail units at 1 & 1B Figaro Street are part of a corner two-storey shophouse that is zoned for residential use with commercial space on the first storey. With a total strata area of around 3,763 sq ft, these units are being sold for $11.5 million, or $3,056 psf.
According to the marketing agent CBRE, these properties are currently fully tenanted by a diverse mix of tenants. Clemence Lee, the executive director of capital markets at CBRE, believes that each property has its unique features and potential for value enhancement. He adds that the incoming investor could potentially revamp the tenant mix, seek strategic usage approvals, or renovate and expand the existing floor area for some properties within the portfolio.
Interested parties can submit their expressions of interest by November 5, 3pm. CBRE is the exclusive marketing agent for this portfolio.
