Savills Singapore is pleased to announce their appointment as marketing agent on the sale of 209 Kallang Bahru. The guide price on the sale of the property is S$6.5 million.
The property, a detached five-storey industrial building, is located at Kallang Bahru in the central region of Singapore. It has a total site area of approximately 24,380 square feet with a gross floor area of approximately 52,797 square feet. Under the Urban Redevelopment Authority's Master Plan 2019, the land is zoned Business 1, with a plot ratio of maximum 2.5. The property has a JTC leasehold tenure of 60 years, effective from 16 August 1973, with a remaining lease of 13 years.
The immediate vicinity is generally mix in nature comprising of shophouses, commercial complexes, shopping centres, hotels, light industrial buildings and residential developments. Nearby amenities in the area include Jalan Besar Stadium/ Sports & Recreational Centre, NTUC Fairprice (Kallang Bahru), Sheng Siong Hypermarket, and Giant Supermarket (Upper Boon Keng Road). The closest shopping malls are Bendemeer Shopping Mall, City Square Mall, and Serangoon Plaza.
Walking distant to Boon Keng MRT (NE9), Bendemeer MRT (DT23) and Lavender MRT (EW11) stations, the property is also well connected via major expressways including Central Expressway (CTE), Pan Island Expressway (Tuas) and Pan Island Expressway (Changi), KPE and Nicholl Highway.
Sharon Teo, Managing Director, Business Space, Savills Singapore, who is handling the sale, commented: “The property would appeal to any companies looking to have a presence with a premium city fringe locality that is highly accessible islandwide via convenient bus and MRT networks.”