Freehold residential building at Wilkie Road on the market for $9.2 mil

A property structure at 62 Wilkie Road in prime District 9 will certainly go on sale for $9.2 million on Aug 2. The building will certainly be sold in a cumulative sale tender, and it is marketed by PropNex Realty.

She adds that it is excellent for multi-generational family members who wish to live together under one roofing. Investors will additionally locate the building an eye-catching property for its funding recognition and also rental earnings.

The six-storey building consists of three duplex apartments that have a complete strata location of 5,597 sq ft. The overview rate converts to $1,644 psf on the strata location. The building was finished in 2003 as well as it is on a 2,542 sq ft website that is zoned for property usage, with a gross story proportion of 2.1 under the most recent Master Plan.

EdgeProp’s Landens device highlights recent building purchases in the area along with nearby enbloc sales as well as future redevelopments
“This cumulative sale provides an opportunity for financiers to have a story of land, with a tiny structure of 3 apartments in the highly desired District 9 at an eye-catching price quantum,” claims Tracy Goh, head of investment and collective sales at PropNex Realty.

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Because of its central area as well as distance to the Bras Basah and also Bencoolen locations, the property is close to 6 MRT terminals, particularly Dhoby Ghaut, Bencoolen, Little India, Rochor, Bras Basah, and also Bugis. It is also close to the Orchard Road purchasing belt.

Using EdgeProp’s Landlens device, along with nearby home transactions, it also shows current enbloc deals around, such as Sophia Villa and also Fairhaven in Nov 2020. Those growths were sold for $2,387 psf ppr as well as $1,724 psf ppr respectively.