Royal Square at Novena - 101 Irrawaddy Road

FOR SALE

Property Overview

For Sale Via Expression Of Interest. Prominent Dual Frontage Unit

Exclusively Marketed by Tristar Properties

✔︎ F&B Approved Units
✔︎ Prominent Dual Frontage
✔︎ High Visibility from Street Level
✔︎ Superb Connectivity
✔︎ Foreigner Eligible (No ABSD / SSD)
✔︎ Combined Unit Size: 4,380 sq ft
✔︎ For Sale Collectively or Individually

Royal Square at Novena is a mixed-use commercial development comprising of retail, F&B units, medical suites and a 250-room hotel known as Courtyard by Marriot Singapore Novena. The development is part of Health City Novena which is expected to be Singapore’s largest integrated healthcare hub. Other prominent developments in the area includes Tan Tock Seng Hospital, Velocity @ Novena, Novena Square, United Square and Revenue House. The area is highly pedestrianised as it is easily accessible via the various transport nodes such as Novena MRT Station and the Central Expressway (CTE).

The EOI exercise closes on 11 March 2021 at 1pm.

For more information, please contact us here.

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St Michael’s Place - 1 Jalan Taman [SOLD]

FOR SALE: Freehold 4-Storey Commercial Podium

Property Overview

For your consideration is a 4-storey commercial podium comprising approximately 12,788 sqft of strata area. It is located along Serangoon Road within St Michael’s Place condominium. The property has a secured tenancy with Maplebear Preschool, one of the largest pre-school operator in Singapore. It is generating a strong cashflow of approximately 3.5% yield and has an asking price of S$25,000,000.

Key Investment Highlights

Controlling Interest in the Freehold Development

• Combined 6 commercial strata units with an approximate 26.7% share value

• No Additional Buyer’s Stamp Duty (ABSD)

• No Seller’s Stamp Duty (SSD)

• Foreigner Eligible

Rarity of Large Childcare Approved Space (12,788 sq ft)

• 4 + 4 + 4 years lease term from August 2018

• Stable rental growth

Single “AAA” Tenant (Maplebear Preschool)

• Growing student enrolment; current enrolment >50% of total allowable student capacity (Approx. 290)

• Maplebear is one of the largest childcare operator in Singapore with more than 40 centres island wide

• Childcare operators are regarded as essential services in Singapore

For more information, please contact us here.

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