GSM Building in 141 Middle Road was established for en bloc sale in a book price of $98 million. It’s the very first business website to be launched because the lifting of a”circuit breaker” steps on June 2.
The land, a corner double-frontage construction facing Middle Road, includes a equilibrium lease duration of approximately 61 decades. The website, with a land area of 12,003 sq feet, is zoned for industrial use with a 4.2 plot ratio and a height limitation of around 16 storeys, subject to planning approval.
The construction has three retail units on the ground floor and 30 office components on the top floors. It’s within a five-minute stroll to Bencoolen MRT Station in the Downtown , Bras Basah MRT Station on the Circle Line and Bugis MRT Station, which will be an interchange for its East-West Line and Downtown Line.
Moreover, the house is in close proximity to shopping centers for example Bugis Junction, Bugis+, Bugis Village and Sim Lim Square.
The purchaser will benefit from forthcoming changes from the Bugis, Bras Basah and Beach Road region. Mixed-used growth Guoco Midtown by GuocoLand and residential condo The M by WingTai Asia are being constructed right now. Underneath URA’s Draft Master Plan 2019, fresh playground areas and streetscape improvements will be released in Bugis, and Kampong Bugis along Kallang River are also developed as a car-lite residential precinct with roughly 4,000 units.
The property is promoted by Mount Everest Properties.