Savills Singapore, as the exclusive sole marketing agent, is pleased to offer for sale 19 Lorong 10 Geylang, Singapore - a newly built freehold commercial office building at the city fringe.
The 7-storey commercial office building enjoys a prominent road frontage on a corner plot sitting on a site of 3,425 sq ft (road reserve area: 1,608 sq ft) with a GFA of 6,080 sq ft (estimated built-up area: 7,535 sq ft). The building is currently under construction and will be sold on a vacant possession basis with an estimated TOP date in Q2 2025.
The building will have a full glass curtain wall façade where every floor enjoys ample natural light and a splendid view of her surroundings. The column free floor plate also allows flexibility in layout and design for occupiers. The buyer of the new building will also have potential naming and signage rights. A passenger lift serves all floors with a carpark lot located at the front of the building. Washrooms are located on all floors as well.
Boasting excellent accessibility with Kallang MRT station being within 7 minutes’ walk away and the CBD within a 10 minutes’ drive, the property is centrally located and close to Nicoll Highway and Kallang Paya-Lebar Expressway (KPE). The immediate vicinity is home to a broad mix of new and existing commercial businesses and retailers as well as a wide array of F&B options. This city fringe location has transformed over the years into an exciting enclave frequented by both tourists and locals.
Mr Nick Chan, Senior Manager, Investment Sales & Capital Markets at Savills Singapore, says, “Geylang has enjoyed fast rejuvenation over the past few years and attracted occupiers, co-living operators and F&B concepts seeking to gain a foothold in this up-and-coming enclave. 19 Lorong 10 Geylang presents buyers with an appealing opportunity to own a newly built commercial building that will be ready for immediate occupation on TOP. The incoming buyer can also explore the potential to convert to other alternative commercial uses on the upper floors once their own occupation needs are met.”
“The guide price for 19 Lorong 10 Geylang, Singapore is $17 million. Fitted with premium specifications, the building is a compelling acquisition at an attractive capital value,” he adds.
19 Lorong 10 Geylang is zoned ‘’Commercial / Institution’’ under the 2019 Masterplan and is not subjected to the Additional Buyers’ Stamp Duties or Seller Stamp Duties. Foreigners and companies are also eligible to purchase.
The Expression of Interest (EOI) exercise closes on Thursday, 5 September 2024 at 3pm.