A pair of freehold adjacent four-storey structures with attic room– located at 16 and also 18 Kim Keat Road in Balestier– are up for sale by means of expression of interest (EOI) at a guide rate of $15.3 million, according to advertising and marketing agent Savills Singapore. The overview cost works out to $1,438 psf, based on gross floor area.
Tengah EC at Tengah Forest Town
The property occupies a consolidated land area of around 3,449 sq ft and also an estimated total flooring location of 10,638 sq ft. The first stage has industrial devices that include restaurant use approvals as well as are presently leased to F&B operators, while the top floors are composed of property devices, which are additionally rented out. The buildings likewise come with an in-built mechanical vehicle auto parking system for 8 cars.
Associate supervisor for financial investment sales and also resources markets at Savills Singapore Sophia Lim claims the residential or commercial property has value-add possibility, keeping in mind that the future proprietor might reconfigure the space for co-living and also student hostel functions. All the property devices at the residential property are currently outfitted with independent air-conditioning devices and also ensuite commodes.
Lim adds that the residential property’s place is perfect for a co-living neighborhood provided its proximity to tertiary as well as research institutions such as Lee Kong Chian School of Medicine as well as East Asia Institute of Management. It is additionally within a brief driving distance to the healthcare hub at Novena.
The EOI exercise for the structures will certainly close on July 26 at 3pm.
More information on Tengah EC
Disclaimer: The information listed above are strictly for your reference only and is by no means a conclusive and final representation of the units available. The chart is currently draft and is subjected to the final approval from the authorities. The developer and the salesperson is not responsible for the information reflected above and the information is strictly for entertainment purposes only. Please check with the direct developer sales team for more information for a more accurate representation. You can also register for a show flat viewing to get a better representation for the development for your consideration. Information on the elevation chart as well as the balance unit chart can be found here as well as at the showflat.