Freehold Site At Mounbatten Road On Sale For $13mil
A freehold property area at 801 Mountbatten Road in Area 15 was put up for sale via Expression of Interest with a model value of $13 million.
This works out to approximately $1.2K psf based on the residential property’s 10.839 thousand square foot land area, published restricted promotion and marketing agent Savills Singapore.
To become availabled on tenantless ownership, the location enjoys a 25 meters street facade along Mountbatten Road as well as a plot deepness of around thirty-seven meters.
Zoned for household, 2 storey semi-detached benefit under the ’19 Master Plan, the ground plot comes with a regular location configuration, taking into account optimum design functionality.
Savills considered that the location uses the versatility for being reconfiguration into a range of landed real estate styles for example, a set of bungalows or detached homes, a couple of semi-detached residences and even a house, based on the approval of authorities.
Found 350m from the coming Tanjong Katong MRT terminal, the ground is near educational institutions such as TKGS, Tanjong Katong Primary Sch, Chung Cheng High School plus Tj Katong Sec School.
The ground, the nearby neighbourhood of which primarily consists of discreet property bungalows, is additionally in close proximity to Parkway Parade, i12 Katong along with the East Coast Road shop houses.
“This offer is a great benefit for both end-users and real estate investors to attain a sizeable free from hold ground plot among a wealthy area, where there’s always controlled amount of free lease and even ordinary style residential landed reconfiguration location within the ground sparse S’pore to buy,” mentioned Ms Yap, Dir of Inv Sales & Capital Markets at Savills Singapore.
“The underlying interest for landed houses continues being reasonably strong as many high total assets individuals/ families are on the look for ideally situated landed residences supplied the beneficial extended opportunity for this particular property classification”, she added in.
The EOI operation for 801 Mountbatten Rd ends on 12 January 2021.