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Royal Square @ Novena

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S$ 4880000

Property Details

Address

103 Irrawaddy Road, Royal Square @ Novena, Singapore 329566

District

D01 (Boat Quay / Raffles Place / Marina)

Neighbourhood

Novena

Nearest MRT

Novena (NS20)

Property Type

Commercial Retail

Developer

-

Architect

-

Tenure

Freehold

Listed On

November 2, 2022

Floor Size

-

PSF

$S 6,047.09

Floor Level

Ground

TOP

-

About Royal Square @ Novena

Commercial units up for sale are really hard to find these days so if you are hunting for one, you’re in luck! Join us as PropertyLimBrothers brings you to these three commercial units in a shopping mall that are up for sale. Nestled within Royal Square at Novena in District 12, they are of a 99-year leasehold starting from 2013, leaving them with a healthy balance lease of about 90 years. Developed by Hoi Hup Realty Pte Ltd and Sunway Development Pte Ltd, Royal Square at Novena is within a two minutes’ walk to two hospitals while being in vicinity to the future Heathcity Novena.

Being within walking distance to these healthcare facilities would mean a constant stream of footfall for the units. On top of that, these units are all within close access to the escalator and lifts which gives a greater visibility to the shoppers. In addition, a drop-off point is located at the carpark entrance on the same level, which can possibly equate to more visibility as well.

Features​

   Currently Tenanted by F&B restaurant
   Centrally located in the heart of Novena
   Rental Yield of approx 2%
   Surrounded by shopping malls, F&Bs, medical suites, hotels, Tan Tock Seng Hospital
   Perfect for Investment or Own use
   Upcoming Mega Development - Healthcity Novena; an integrated community of healthcare, medical education and research , which will grow to include a new Ambulatory Centre at TTSH, and expand medical education facilities.
   Close Proximity to Escalator / Lift Lobby
   Approx. 90 years balance lease
   53 units of commercial retail shops on 1st , 2nd & 6th storey

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