Dear interested buyer
This is a walk-up apartment at freehold Cavenagh Gardens. 3 bedrooms, 2 bathrooms. Currently tenanted @$2.8K till June 2020. Maintenance @ $220/mth.
This development has significant enbloc potential - based on past reserve price of $480m, the expected payout for the 1206sf unit type is about $2.56m. This past reserve price of $480m includes an estimated state land premium of $18.4 million to purchase about 11,800 sq ft of state land that is located between the site and the CTE.
Cavenagh Gardens is a freehold apartment development (with 172 units) located at Cavenagh Road in District 09, minutes walk to Somerset MRT Station. Completed in 1975, the tallest block of the 3 blocks is thirteen storeys tall. It has a plot ratio of 2.1, on a site area of 128,256sf. Facilities include car park and 24 hours security.
Cavenagh Gardens is just next to The Istana and close to Fort Canning Park. It is 600m away from The Centrepoint and 800m away from Plaza Singapura. Anglo-Chinese School (Junior) and St Margaret's Primary School are within 1km. It is also within walking distance to the stretch of eateries and restaurants located at Cuppage Road and Koek Road.
For details, visit WWW.PROPERTY2030.COM
Mike Tan | 9828XXXX
www.property2030.com
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