Sitting on a regular land plot of approximately 22,283 sq ft, the building is currently nearly fully occupied by multiple tenants, including a restaurant, fitness centre, service centre and offices, providing immediate rental income.
A three-storey commercial building at 535 Kallang Bahru with an existing gross floor area (GFA) of around 36,207 sq ft is being offered at a guide price of $55 million, which translates to approximately $1,519 psf.
Based on a maximum allowable GFA of 66,850 sq ft, the guide price translates to $823 psf, according to joint exclusive marketing agents CBRE and Cushman & Wakefield.
