GSM Building at 141 Middle Road has actually been introduced for enbloc

GSM Building at 141 Middle Road has actually been introduced for en bloc sale at a reserve cost of $98 million. It is the first industrial site to be released since the lifting of some “lockdown” procedures on June 2.
The building, a corner double-frontage building facing Middle Road, has a remaining lease term of around 61 years. The land, with a land area of 12,003 sq ft, is zoned for industrial usage with a 4.2 plot ratio and a height restriction of as much as 16 floors, subject to preparing authorization.
The building has 3 retail shops on the level one and 30 office units on the upper floors. It is within a five-minute walk to Bencoolen MRT Station on the Downtown Line, Bras Basah MRT Station on the Circle Line and also Bugis MRT Station, which is an interchange for the East-West Line and Downtown Line.

Additionally, the tower remains in close proximity to shopping center such as Bugis Junction, Bugis+, Bugis Village and Sim Lim Square. There are also numerous schools in the vicinity, including Singapore Management University, School of the Arts, Lasalle College of Arts as well as Nanyang Academy of Art.
The buyer will gain from upcoming transformations in the Bugis, Bras Basah and also Beach Road location. Mixed-used development Guoco Midtown by GuocoLand and also residential condominium The M by WingTai Asia are being developed at the moment. Under URA’s Draft Master Plan 2019, new park spaces and also streetscape enhancements will be introduced in Bugis, as well as Kampong Bugis along Kallang River will certainly likewise be established as a car-lite residential precinct with around 4,000 units.
The tender exercise closes at 3pm on July 16. The commercial property is marketed by Ki Residences Mount Everest Feature.