JLL have been exclusively mandated to sell the commercial block of St. Michaels Place, a Freehold development in District 12, located along Serangoon Road. Due to the site’s exceptional locational attributes the commercial block has attracted a child care centre tenant who has signed up to a long term commitment.
Key Investment highlights include:
- Coveted Freehold Title
- Approval for child care usage
- Location opposite high growth residential estate – Sennett & Bidadari
- Leased to recognised and reputable school operator
- Long term lease commitment with upside only reviews
- Superb site dynamics – wide driveway, frontage, exclusive use of common area. Close to MRT/amenities.
This represents an opportunity for investors to acquire Freehold asset that delivers long and secure income from the start of their investment period whilst growth and development in the surrounding district will support capital value upside over time. If you would like to receive detailed information, please execute the confidentiality agreement as attached.
St. Michaels Place is being sold via Expressions of Interest process with bids due 5pm May 23 2019.