GSM Building Commercial En Bloc Sale 2020 - 141 Middle Rd

GSM Building Commercial En Bloc Sale 2020

GSM Building, a commercial building in district 7 has launched for en bloc sale with an asking price of S$98 million.

According to Mount Everest Properties, the appointed agent of the collective sale, beside the reserve price there is an upgrading premium at around S$18.6 million.

The 99-year Leasehold site covers an area of 12,003 square feet and there is 63 years of lease balance left for the site.

Under the URA Master Plan 2019, the commercial site has a plot ratio of 4.2 and a height restriction of up to 16 storeys. Beside that it is only zoned for commercial use.

The building has huge advantages as it has wide double-frontage and visibility, located at the junction and facing middle road and Waterloo street.

GSM building consists of 33 units which on the ground floor anchored by 3 retail units and on the upper floors occupy by 30 office units.

GSM Building in Prime District 7

The prime district 7 has seen several en bloc sales in recent years that include Waterloo Apartments & Golden Wall Centre that sold in 2018. During last year 2019, Selegie Centre and Min Yuan found its buyer.

Several commercial sites have been launched since then and latest to join the en bloc market will be the owners of GSM Building.

The prime enbloc site has excellent connectivity which has 3 MRT stations located within 500 meters.

The Downtown Line, Bencoolen station which is the nearest (270m away) located southwest from the site. Bras Basah station can also be found in this direction. Around 400m away (North-east) is the popular Bugis station.

Beside excellent connectivity, the prime site is surrounded by lifestyle, shopping and healthcare amenities including Singapore Art Museum, Bugis Junction and Raffles Hospital.

There are also educational institutions nearby namely Lasalle College of the Arts and Singapore Management University.

The public tender for GSM Building will close on July 16 at 3 pm.

GSM Building En Bloc Details

Tenure: 99-year Leasehold

Land Size: 12,003 square feet

Total Units: 33

Plot Ratio: 4.2

Nearest MRT: Bencoolen, Bras Basah & Bugis 

Address: 141 Middle Rd

District: 7

Marketing Agent: Mount Everest Properties

Reserve Price: S$98 million

Status: For Sale
Tender Close: July 16, 2020
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