Single owner sale for all 11 duplex units
SINGAPORE – Edmund Tie & Company (ET&Co), the sole marketing agent for Three Buckley, is pleased to offer the freehold residential project in the Newton area for sale by Expression of Interest (EOI).
The subject property has a land area of approximately 1,444.64 square metres (sq m) or 15,550 square feet (sq ft) and is zoned for Residential use at Gross Plot Ratio of 1.4 under Master Plan 2014. The development was completed in 2010 and comprises 11 duplex units.
Three Buckley boasts a strategic central location in the prime and well sought-after District 11.
Located within an established residential enclave, it is just a short walk away to an array of amenities including shopping and dining establishments, entertainment and lifestyle options, as well as top-notch healthcare facilities.
Other key landmarks in the area include Newton Food Court, Novena Square, Square 2, Oasia Hotel Novena, Mount Elizabeth Hospital and Revenue House.
See more: Novena: Heritage and Heart
The CBD and Orchard Road shopping belt is just a short drive away, while prominent educational institutions, such as Anglo-Chinese School (Barker Road), Anglo-Chinese School (Junior) and St Joseph’s Institution Junior, are located within a kilometre.
With the Newton Interchange and Novena MRT station just a short distance away, the property also enjoys excellent connectivity to other parts of Singapore via major roads and expressways, such as the main Newton Road, Scotts Road, Dunearn Road, Bukit Timah Road, the Central Expressway (CTE) and the Pan Island Expressway (PIE).
Senior director of investment advisory Tan Chun Ming commented, “The property has many positive attributes such as a highly coveted freehold tenure, single ownership, prestigious District 11 address and many more. The property offers investors the flexibility of leasing out to different resident profiles – young families who prefer to stay in proximity to educational institutions, expatriates or working adults who prefer to live closer to the CBD and the future health hub.”
“Most of the units are tenanted, offering stable rental income. Investors who are looking for long-term investments would find this a timely opportunity. Future en bloc or redevelopment plan would be an ideal exit strategy,” he added.
The asking price is $41 million, which reflects $1,657 per sq ft. Interested parties may also submit bids for single or multiple strata units.
The EOI exercise for Three Buckley will close on Thursday, 8 November 2018 at 2 pm.
Article contributed by Edmund Tie & Company.