Two adjoining freehold Good Class Bungalow (GCB) land plots — a part of the garden land at Eden Hall at Eden Hall — on Nassim Road has been put up for sale by public tender, marketing agent CBRE announced Monday (23 November).
Subject to final approval, the two land plots are offered as two individual plots — Plot A has a site area of approximately 18,620 sq ft (subject to final survey) and comes with approximately 36 metres of Nassim Road frontage, whilst Plot B is approximately 15,634 sq ft. Both site areas subject to final survey.
The sites are zoned for residential use within the designated Good Class Bungalow Area (GCBA) of Nassim Road. According to CBRE, interested parties can bid for either sites, or both sites.
Sammi Lim, Associate Director, Investment Properties at CBRE said: “CBRE has received a fair number of enquiries about the sale of these two plots and we expect a keen level of interest for this very rare investment opportunity. Eden Hall is steeped in history and the sale of the two plots represents a landmark sale in the GCB market.”
The assets are being offered on a freehold vacant site basis that allows buyers flexibility for immediate development.
The guide price for Plot A is at $2,200 per sq ft and Plot B at $2,000 per sq ft.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
