Freehold Residential Land with 24 Strata Units – $135K/mo Master Tenant

Freehold residential land site of 13,501 sqft (land area), with a gross floor area of approximately 33,000 sqft. The existing block has been developed into 24 separate residential strata units comprising 3 one-bedroom units, 19 two-bedroom units (3 with ensuite bathrooms, 16 sharing a common bathroom), and 2 three-bedroom units. Facilities include a swimming pool, gym, basement carpark, and rooftop sitting area. The building is 5–6 storeys with 6 kitchens per level (convertible to toilets). Frontage is approximately 25m x 40.2m. Located in a Non-Designated Landed Housing Area. DC Rate (Sept 2021): B2 at $10,500/sqm. Currently tenanted to a single master tenant at $135,000/month from 1 Oct 2024 to 30 Sep 2027, stepping up to $145,000/month from 1 Oct 2027 to 30 Sep 2029. Approximately 853m to Tiong Bahru MRT Station and 1km to Alexandra Primary School and Zhangde Primary School. TOP in 2015.