The property includes three storeys with a basement, and can be about a 999-year leasehold. It’s a gross floor space of 19,431 sq feet and occupies a site of 10,851 sq ft. Under URA’s 2019 Master Plan, it’s zoned for residential using a gross plot ratio of 1.4.
The prospective buyer has the choice of continuing the construction’s operations as a childcare center, says Knight Frank. The home has also already been approved to be used as a commercial college, pupils’ hostel and nursing home.
The childcare center functions the Sengkang estate, together with roughly 66,600 families where 60% of residents are under age 45, says Knight Frank.
“Prospective buyers that are eager to join or keep this line of business might save yourself the bother of having to go through a tedious application procedure, since the land is in a easily operational condition for a childcare center,” states Sharon Lee, head of sales & auction at Knight Frank Singapore.
The expression of interest exercise to your property will shut on Nov 5, at 3pm.