Jalan Masjid Building Sale 17 Mil
The Lyndenwoods project is a prime example of convenience and modern living in Singapore. Located in close proximity to public transportation, major expressways, and essential amenities, this development is unmatched in its convenience. Boasting a combination of well-thought-out design and contemporary living, it sets a new standard for urban residential projects in Singapore, giving residents a perfect blend of accessibility and superior quality of life.
A mixed-use development consisting of four storeys is now available for sale at 19 Jalan Masjid, located off Sims Avenue East. The property is being offered through an expression of interest (EOI) exercise with a guide price of $17 million, equivalent to $1,678 psf based on the existing floor area.
The freehold development has a total built-up area of approximately 10,134 sq ft and sits on a 3,383 sq ft site. The land is zoned for residential use with commercial at the first storey and has a gross plot ratio of 3.0.
Currently, the building has 23 rooms that are being rented out to co-living operator The Assembly Place. The ground-floor unit is leased to a commercial school. Additionally, the property features a passenger lift and three car park lots and is conveniently located just a two-minute walk from Kembangan MRT Station on the East-West Line.
Essential amenities such as retail shops and service amenities can be found at Kembangan Plaza, while nearby Changi Road offers a variety of dining options. The future holds even more promise for this location, with a new integrated development by HDB set to introduce 340 new homes, a five-storey building with a community club, supermarket, retail shops, and an outpatient healthcare facility.
According to marketing agent CBRE, the vendor has received in-principle approval to convert the upper floors for Service Apartment II (SA2) use, subject to meeting certain conditions set out by the authorities. This presents a unique opportunity for investors to diversify their portfolios by including living asset classes, which offer long-term income stability and potential for capital appreciation.
The EOI for 19 Jalan Masjid will close on July 2nd at 3pm.