Skip to content
Home Decorators Coupon Now

Home Decorators Coupon Now

Freehold industrial starting close to Farrer Park MRT for sale

Elijah Birchell, October 10, 2019

291 Serangoon Freeway is found over a corner plot and instructions a 35-metre massive twin frontage on to Serangoon Street and Burmah Freeway.

Visit this: Uptown At Farrer location

The home occupies a land place of 5,455 sf and spans an thought location of 19,913 sf. Centered on the Master Tactic 2014, the web site is zoned “Commercial” by making use of a Gross Plot Ratio of 3.0.

291 Serangoon Avenue residences a foodstuff and beverage (F&B) tenant on the ground floor, a night club on the second and third floor, as well as offices on the upper floors. Subject to approval from relevant authorities, potential uses include retail, showroom, fitness centre, medical suites, entertainment and serviced apartments, amongst others. The incoming owner has potential naming and signage rights for the belongings.

The establishing incorporates a highly accessible location that is 200 metres from Farrer Park MRT Station and a short 10-minute drive to the Central Business District (CBD). Major expressways are found in shut proximity, including Pan Island Expressway (PIE), Central Expressway (CTE) and East Coast Parkway (ECP).

With its excellent city fringe site and strong transport infrastructure, the Farrer Park position has evolved into a bustling professional and medical hub, well-served by a myriad of trendy F&B and lifestyle offerings.

The area is undergoing further rejuvenation with the development of several new developments including Centrium Square, a 19-storey specialist development comprising of retail, medical suites and office place; Uptown @ Farrer, a mixed-use development by Low Kheng Huat, which will consist of retail, residential; and a 240-unit serviced residence operated by lyf Farrer Park Singapore.

Mr Clemence Lee, Senior Director, JLL, says: “The residence was first launched accessible for obtain in September 2018 that has a guide price of $52 million. Upon the near of the EOI, we received a few offers which fell short of the owner’s expectation. The property was subsequently withdrawn from the marketplace.

With the improving office industry in Singapore, we are seeing more investors shift their focus back to the commercial sector. We feel that it is timely to put the house into the market again to offer buyers another chance to reconsider this exceptional opportunity. With the pricing lowered to between $46 to $49 million, we expect strong interest from both investors and owner occupiers who are looking to acquire a centrally-located freehold industrial creating in a bustling house undergoing rejuvenation and gentrification.”

The latest transaction in the vicinity is Wanderlust Hotel, which transacted at $37 million or close to $2,466 psf on GFA in April 2018. Observed opposite 291 Serangoon Road, the entire two-storey industrial podium at Centrium Square transacted at $135 million or close to $4,967 psf on strata region in July 2016.

Opinion

Post navigation

Previous post
Next post

Archives

Categories

Recent Posts

  • 5 insights to manage your skin

  • The Significance of a Fire Extinguisher in Daily Life

  • Defending Against Abuse of a Power of Attorney

  • Live Casino Games Apps And Software

  • What Makes Car Pressure Washers Unique?

  • Parc Canberra website introduced for tender

  • Balanced Diets For Athletes

  • Buy real instagram—a right investment decision

  • Six Elements In the direction of Appear to be FOR Whilst HIRING AN ELECTRICIAN Within YOUR Regional

  • How To Buy Real Estate In Slow Market

  • Podcast your PowerPoint presentations

  • 3 Benefits of CBD Oil for Mental Health

  • Hip Hop Beats – Where You Can Acquire the Best Ones Offered

  • Decide On and Select Outsourcing Marketing

  • 15 Benefits Of Chamomile Tea For Skin, Hair, And Health With Its Side Effects<br />

  • Tips to sell your house in a short time

  • Find Out Impressive Automobile From 500k Motors

  • Choosing the Right Wedding Venue

  • What You Must Know About the Gold IRA

  • Health Insurance at a Glance

  • Digital Marketing Service – SEO

  • Slot Machine Gambling – Facts You May Want to Know

  • Home Remodeling – Different Criteria for Every Property Owner

  • Things You Need to Consider Before Adopting a Dog

  • 5 Factors to Think About When Deciding On Residential Movers

  • CDL sells 150 units at launch of Whistler Grand condominium in West Coastline

  • Enjoy purchase at Pitter Patter Baby Shop Online

  • Get Tax software online services to file the taxes

  • How to Perhaps Become Part Of the online Gaming Community

  • What Are the Benefits of Car Detailing?

©2025 Home Decorators Coupon Now | WordPress Theme by SuperbThemes