Pair of 4-storey buildings at Balestier on sale

The pair of buildings is worth $15.3m.

A pair of freehold four-storey buildings with an attic at Balestier precinct is opened for sale for $15.3m until 26 July 2022 at 3 p.m., Savills announced.

The sale of 16 and 18 Kim Keat Road will be conducted through an expression of interest exercise.

Its guide price is based on $1,438 per square foot (sq ft) of the gross floor area. The property occupies a combined land area of approximately 3,449 sq. ft. and an estimated total floor area of 10,638 sq. ft.

The ground floor is currently leased to food and beverage operators, whilst the upper floors are residential units. Its car park can accommodate eight vehicles.

The properties are near the Novena healthcare hub, which will interest city dwellers and healthcare workers, according to Sophia Lim, associate director of the investment sales & capital markets at Savills Singapore.

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