A two-storey conservation great class bungalow (GCB) in 40 Nassim Road was set up for sale through public tender, with a direct price of $175 million, shown marketing representative CBRE.
Appreciating a broad frontage of approximately 70 metres, the website is composite of 3 adjoining plots measuring 14,867 sq feet, 15,779 sq feet and 28,138 sq ft. This gives the potential purchaser the flexibility to redevelop the house to accommodate three GCBs.
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The two-storey bungalow has a whole floor space of approximately 13,839 sq feet and features an entry hall, four en bedrooms, a dining area, a living space plus a helper room plus also an inner landscaped courtyard with a pond. Additionally, it has a massive car porch and garage door which may house seven automobiles.
“Investors are nicely aware of the premium that Nassim Road controls in the GCB marketplace in Singapore. In reality, the GCBs in Nassim Road continue to establish new benchmarks, evidenced by both recent GCB trades in the immediate area,” explained Angela Lim, senior director of capital markets in CBRE.
For this, Lim expects the land for keen attention from the investors and owner occupiers.
“This really is a superb opportunity to get a gigantic GCB land plot inside the prestigious Nassim Road region, as such ownerships are generally tightly maintained,” she added.