Investment:

An excellent opportunity to acquire a rare strategic freehold commercial redevelopment site located at Novena Commercial Fringe Centre.

Address:

151 - 207 Thomson Road

Location:

The subject property is located at the Novena Commercial Fringe Centre, directly at the busy junction of Thomson, Newton and Moulmein Roads, approximately 1.5 km away from Orchard Road.

Transportation:

Goldhill Centre is less than 500 metres away from Novena MRT station and the site enjoys excellent accessibilty to the other parts of the island via the Pan Island Expresssway (PIE) or the Central Expressway (CTE), both approximately 3 minutes away.

Surrounding Developments:

The subject site is located in the heart of the Novena Commercial Fringe Centre, complementing the surrounding major commercial developments like Velocity @ Novena Square, The United Square, Revenue House and the future Medical Centre. The immediate vicinity also contains high-end residential estates such as Newton and Novena residential estates. Prominent residential developments include Lincoln Modern, Park Infinia, Strata, Novena Suites, Newton Suites and One Newton etc.

Legal Descriptions:

Lot 448C Town Subdivision 28

Site Area:

6,519.6 sq m (or 70,177 sq ft) approx.

Tenure:

Freehold

2008 (Draft) Master Plan Provision:

Under the 2008 Master Plan, the subject site is allowed for a commercial development of up to 3.0 plot ratio with building height up to 117m AMSL.

Existing Improvements:

The current development at Godlhill Centre comprises of 3 blocks of 3-storeys walkup commercial buildings housing 87 units of shops and offices. Currently, there are 29 shops with sizes ranging from 99 sq m to 103 sq m and 58 offices with sizes ranging from 112 sq m to 155 sq m.

Development Potential:

A prime commercial development with access to Novena MRT Station may be erected on the subject site with a potential gross floor area of approximately 19,500 sq m (210,500 sq ft), subject to the approval and payment of development charge, if any.

Tender Closing on 19th August 2008(Tuesday) at 3p.m.

For further information, Investments Reports or Site Inspections, please do not hesitate to contact us at 6220 3888)