Prime Site in Novena for Sale – Suits Childcare/ Old Folk’s Home / Church Usage
A freehold site that comes with an existing 4-storey building, in the heart of Novena.
The site has a land area of approximately 6,768 square feet, and the current gross floor area is approximately 8,742 square feet. Zoned for “Civic & Community Institution” usage under the 2014 Master Plan, the site was granted approval for the change of to child care centre and kindergarten since 2010, which was also the year in which the building was completed.
Strategically located just off the main junction of Thomson Road, the subject property is nestled right in the heart of Novena, a vibrant retail, food & beverage hub, set within an established and affluent residential enclave that bustles with life. The vicinity is mixed in character comprising shopping malls, offices, landed housing and condominium developments. Main highlights include shopping malls like United Square, Novena Square, Velocity, Square 2 and Goldhill Plaza. In addition, Mount Elizabeth Novena Hospital, Mount Elizabeth Novena Specialist Centre, Tan Tock Seng Hospital, amongst other, support the medical facilities in the location.
Tenanted @ $60,000 monthly
Asking Price $28 mil
Disclaimer: All the financial figures in the advertisement are estimates been quoted by the Vendor of the business. Buyers have to exercise their own due diligence. Bradford, Lim & Associates is not liable for any misinterpretation or inaccuracy of the Vendor’s financial data. Photo is for illustration purpose only. The information in the advertisement is for your references only, and may have changed since we last updated.