Read related article: For Sale Two Tuas Industrial Properties
The District 9 freehold property occupies a 4,180 sq feet site that’s zoned for”Residential with Commercial Use in the 1st storey” beneath the 2019 Master Plan.
The land, which also contains six mechanical carpark a lot, has a complete built-up region of roughly 11,660 sq feet, according to its current plot ratio of 2.8. Presently, both ground-floor units are inhabited by attractiveness services salons.
Michael Tay, Head of Capital Markets, Singapore in CBRE expects the land to draw the attention of both investors and owner occupiers.
“While the successful purchaser will appreciate a direct turnkey income-producing advantage, they can also look at a prospective change of use for the house or alteration functions in the not too distant future, subject to applicable authorities’ acceptance,” he states.
“For example, the upper floors can be altered to accommodate serviced flats or student hostel, while a few other possible uses for your ground-floor units may be a practice, a childcare center or even a cafe,” he adds.
Conveniently located along River Valley Road, the house enjoys a prominent principal street frontage of approximately 12 meters.
Local landmarks include UE Square Theater in addition to Liang Court that is in the middle of transforming to an integrated improvement featuring resort, commercial and serviced flat elements.
The EOI exercise to your home closes on 30 September.