A two-storey bungalow sitting on a cul-de-sac land plot at the King Albert Park Good Class Bungalow (GCB) place in District 21 is up available with an equal cost of $10.8 million.
The bungalow includes four bedrooms and 2 common baths, and contains a total gross floor space of approximately 3,000 sq ft. The freehold property it sits on steps 7,945 sq ft. The site protection of the home is approximately 2,000 sq feet and the surrounding backyard steps near 6,000 sq ft.
Bruce Lye, managing partner of SRI, states that the bungalow presents a rare chance to purchase freehold property in a GCB area in the entrance cost of $10.8 million ($1,359 psf), since there are just 3 plots of comparable size. The two others are redeveloped. The majority of the plots at the King Albert Park GCB region above 14,000 sq ft. To be regarded as a GCB below URA guidelines, the website area needs to be 15,070 sq ft.
The home served as the family residence of the proprietor for a couple decades. It’s currently tenanted by an expatriate family, states Lye.The existing tenancy ends this November. But, there’s a clause in the rental agreement for premature termination if your property be offered before that and also the purchaser decides to move in immediately.
The home was constructed in 1960. Renovations were performed to the kitchen and the 2 bathrooms in the home five decades back. It’s thus in move-in state, states Lye.
The proximity to great schools makes the home perfect for families with school-going kids, adds Lye.
The bungalow is a two-minute driveway into the KAP mall, which includes a mixture of enrichment centers and eateries in addition to the independent theatre operator Eagle Wings. A brand new mixed-use job completed in 2016, KAP is a redevelopment of the former McDonald’s Area that used to sit down in the corner of Clementi and Bukit Timah Roads.
Later on, the Beauty World integrated transportation hub, that will have a mixture of retail and commercial spaces, is going to be a three-minute drive off, including greater advantage for the inhabitants at King Albert Park.
There hasn’t been any documented bungalow trade at King Albert Park because 2017.
A number of the bungalow owners in King Albert Park have lived there for several decades. Therefore, the bungalow that’s presently on the marketplace is a fantastic chance for a new homeowner that would like to maintain the Bukit Timah area of District 21, near best colleges, amenities and also the nature parks and reserve, states Lye.