13 July 2020 – Savills Singapore is pleased to announce their appointment as marketing agent on the sale of 463 MacPherson Road.
The property, a seven-storey light industrial building with a basement carpark and a sky terrace, has a total gross floor area of approximately 38,287 sqft and land area of 14,400 sqft. Sitting on a land zoning of Business 1 Industrial, it has a leasehold tenure of 99 years effective from 1 April 1965, with a remaining lease of circa 44 years.
The property was completed circa 2016 and has been well maintained making it as good as a brand-new building.
Strategically located within walking distance to three MRT stations – Mattar MRT Station (DT25), MacPherson MRT Station (CC10/ DT26) and Tai Seng MRT Station (CC11) – the property is highly visible and prominently located along the bustling main MacPherson Road.
The location also enjoys easy accessibility to major expressways such as the Pan-Island Expressway (PIE) and Kallang-Paya Lebar Expressway (KPE), which offer seamless connectivity to the rest of the island. Surrounding amenities include walking distance to Michelin-starred restaurant, Tim Ho Wan, and Hawker Chan, supermarket, café, food centres, local coffee shops, essential banking services, sport facilities and others.
Sharon Teo, Managing Director, Business Space, Savills Singapore, who is handling the sale, commented: “We expect lots of interest in this property due to its excellent visibility, which will offer any occupier a strong branding presence in a superior locality with unparalleled access.”
The guide price on the sale of the property is S$21 million.