描述

Cavenagh Fortuna("The Property") is a 29,095 sqft freehold residential site with one block located on Cavenagh Road within prime district 9 and surrounded by lush greenery. Completed in 2000, it was refurbished extensively between 2014 and 2016 with a $6 mil budget, the Property comprises of 26 residential units with a mix of 1, 2, 3 bedroomunits. The Propertyis sitting on 2 plotsof land undergoing amalgamation handled by Wee Swee Teow LLP.

The Property is about 700m away from The Centrepoint which is connected to Somerset MRT Station of the North-South Line, with Orchard Interchange just one stop away and Raffles Place Interchange three stops away. It is also well connected via Dhoby Ghaut Interchange to three other MRT lines: Circle Line, North-South Line and North-East Line. The CBD is just a 8-min drive away.

There are a host of lifestyle, dining, cultural, entertainment and medical amenities within the vicinity such as ION Orchard, 313@somerset, TANG Plaza, Paragon,Ngee Ann City, Wisma Atria, Plaza Singapura, National Arts Museum, National Museum and Mount Elizabeth Hospital.

The property's location offers significant appeal to families with young children. Renowned ACS ( Junior) is just next to The Property & St. Margaret's Primary School are within the 1kmradius of the Property. Anglo-Chinese School (Primary), Farrer Park Primary School, River Valley Primary School, Singapore Chinese Girls' Primary School and St. Joseph's Institution Junior are within the 1- 2km radius. Other well-known schools such as LASALLE College of the Arts, Singapore Management University and Nanyang Academy of Fine Arts are all within easy reach.

Located in Newton planning area, the Property benefits from future transformation around Newton interchange station into vibrantmixed- use cluster offering residents enhanced liveability through new parks, green connections, and improved access to community facilities.

Currently, the 26 units are not strata-titled. The Urban Redevelopment Authority is prepared to consider converting the Property into serviced apartment. The new buyer could also explore strata-subdividing the units and sell them individually in the future.

The Property offers a stable income stream with occupancy of 98% over the past 5 years. Co-living operators and investors could potentially expand from the existing 42 bedrooms by introducing more rooms and kitchenette and rent them on a per room basis to increase rental yield.

Being located in Central Area, developers have the option to redevelop it into a prestigious and exclusive boutique development with no cap on the maximum number of units with minimum20% of the units with internalnett internal area of 70 sqm.

The Property is a multi-dimensional play from leasing, repositioning, strata sale to redeveloping. Each route with its own compelling merit.

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属性

土地总面积

2,904 平方米

媒体

投资亮点

Well-served by public transport, within 700m walking distance to The Centrepoint which is linked directly to Somerset MRT station and a short drive to the Central Expressway (CTE). It is also close to the Dhoby Ghaut MRT Interchange Station with 3 major lines, namely North-South Line, Circle Line and North-East Line.

The property offers easy access to Raffles Place and Marina Bay (8 minutes drive), ensuring seamless connectivity to Singapore's key business, retail, and leisure destinations.

Prestigious schools such as ACS (Junior) is just next to the property and St. Margaret's Primary School is within 1km, ACS Primary, Farrer Park Primary, River Valley Primary, Singapore Chinese Girl Primary, St. Joseph Institution Junior are within 2km.

Singapore Management University, LASELLE College of the Arts, Nanyang Academy of Fine Arts and University of Arts Singapore are in the vicinity.