{"id":118104,"date":"2020-08-06T10:50:57","date_gmt":"2020-08-06T03:50:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-storey-mixed-use-building-at-river-valley-road-on-sale-for-24mil\/"},"modified":"2020-08-06T11:08:00","modified_gmt":"2020-08-06T04:08:00","slug":"four-storey-mixed-use-building-at-river-valley-road-on-sale-for-24mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-storey-mixed-use-building-at-river-valley-road-on-sale-for-24mil\/","title":{"rendered":"Four-Storey Mixed-Use Building at River Valley Road On Sale for 24mil"},"content":{"rendered":"


\nA four-storey mixed-use building at 286 and 288 River Valley Road has been put up for sale via expression of interest (EOI), with a guide price of $24 million or $5,742 on land area, revealed exclusive marketing agent CBRE.
\nThe District 9 freehold property occupies a 4,180 sq ft site that is zoned for \u201cResidential with Commercial Use at the 1st storey\u201d under the 2019 Master Plan.
\nThe property, which also comprises six mechanical carpark lots, has a total built-up area of about 11,660 sq ft, based on its existing plot ratio of 2.8. Currently, the two ground-floor units are occupied by beauty services salons.
\nMichael Tay, Head of Capital Markets, Singapore at CBRE expects the property to attract the interest of both investors and owner occupiers.
\n\u201cWhile the successful buyer will enjoy an immediate turnkey income-producing asset, he or she can also consider a potential change of use for the property or alteration works in the near future, subject to relevant authorities\u2019 approval,\u201d he says.
\n\u201cFor instance, the upper floors can be changed to accommodate serviced apartments or student hostel, while some other potential uses for the ground-floor units can be a clinic, a childcare centre or a restaurant,\u201d he adds.\u00a0
\nStrategically situated along River Valley Road, the property enjoys a prominent main road frontage of about 12 meters. It is about 400 meters from Fort Canning MRT station and within walking distance to Robertson Quay and Fort Canning Park.
\nNearby landmarks include UE Square Mall as well as Liang Court which is in the midst of transforming into an integrated development featuring hotel, commercial and serviced apartment components.
\nThe EOI exercise for the property closes on 30 September.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\nEugenia Liew, Senior Digital Content Specialist at PropertyGuru, shared this story. To\u00a0reach out\u00a0or pitch\u00a0news stories, contact eugenialiew@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Four-Storey Mixed-Use Building at River Valley Road On Sale for 24mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A four-storey mixed-use building at 286 and 288 River Valley Road has been put up...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-118104","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uIU","jetpack-related-posts":[{"id":31788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upper-bukit-timah-shophouses-on-sale-for-20-million\/","url_meta":{"origin":118104,"position":0},"title":"Upper Bukit Timah shophouses on sale for $20 million","date":"October 27, 2016","format":false,"excerpt":"\r The guide price works out to $718 psf per plot ratio on the floor area. (Photo: CBRE) A cluster of five adjoining shophouses along 824-836 Upper Bukit Timah Road have been put up for sale by public tender, said marketing agent CBRE. The guide price for the row of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nassim-road-gcb-for-sale-for-175m\/","url_meta":{"origin":118104,"position":1},"title":"Nassim Road GCB for sale for $175m","date":"October 17, 2019","format":false,"excerpt":"\r The two-storey bungalow has a total floor area of about 13,839 sq ft and\u00a0is a mere five-minute walk to the Botanic Gardens, and is a 10 minutes\u2019 drive to the CBD. Image source: CBRE A two-storey conservation good class bungalow (GCB) at 40 Nassim Road has been put up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-prime-residential-buildings-up-for-sale\/","url_meta":{"origin":118104,"position":2},"title":"3 prime residential buildings up for sale","date":"September 29, 2016","format":false,"excerpt":"\r \u00a0 JLL and CBRE are jointly marketing three prime residential properties around the Orchard Road area. Three prime residential properties located near Orchard Road have been put up for sale by public tender, with JLL and CBRE appointed as joint marketing agents. Owned by a group of investment holding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/09\/jll-cuscaden-walk-683x1024.jpg?fit=683%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":103268,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-storey-gcb-at-binjai-park-for-sale-at-40m\/","url_meta":{"origin":118104,"position":3},"title":"Two-storey GCB at Binjai Park for sale at $40m","date":"January 24, 2019","format":false,"excerpt":"\r The guide price of $40 million works out to a land rate of $1,464 psf. (Photo: CBRE) A good class bungalow (GCB) at Binjai Park has been put up for sale with a guide price of $40 million, which works out to $1,464 psf on the land area, revealed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-to-go-on-sale-for-362m\/","url_meta":{"origin":118104,"position":4},"title":"Cairnhill Mansions to go on sale for $362m","date":"October 6, 2017","format":false,"excerpt":"\r The 18-storey Cairnhill Mansions comprises 61 apartments. (Photo: CBRE) The freehold Cairnhill Mansions project in District 9 will be launched for collective sale in a few weeks\u2019 time, marketing agent CBRE revealed on Thursday (5 October). The 61-unit project has a guide price of $362 million, which works out\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-site-near-somerset-mrt-station-up-for-tender\/","url_meta":{"origin":118104,"position":5},"title":"Freehold site near somerset MRT station up for tender","date":"September 17, 2020","format":false,"excerpt":"\r The 56,481 sq ft site will be up for tender for $376 million. Photo: CBRE A 56,481 sq ft freehold development site in District 9, which currently accommodates the two-block condominium The Bayron, has been launched for public tender with a guide price of $376 million, revealed exclusive marketing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/09\/The-Bayron_PhotoCredit_CBRE.jpg?fit=600%2C872&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118104"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=118104"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118104\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}