The preschool operator has leased the premises at 252 Tembeling Road since 2010, and the property enjoys approximately 2.3% rental yield. The corner unit with prime frontage is approximately a six-minute walk (400m) from Marine Parade MRT Station, and sits near lifestyle hubs such as i12 Katong.
A 4,736 sq ft ground-floor corner unit along East Coast Road currently leased to preschool operator Pink Tower Montessori is up for sale, according to exclusive marketing agent Loyalle Chin of Steward Asia, under PropNex Realty.
City & Country understands the target price is $19.9 million, which translates to some $4,201 psf.
