Educational site in Serangoon put up for sale

It has a land area of 81,457 ft.

JLL and Cushman & Wakefield (C&W) are the joint marketing agents for the sale of 11 Hillside Drive, a rare asset approved for education use and held under a 103-year leasehold tenure from 2012.

The property sits on a land area of approximately 81,457 sq ft, and has a gross floor area of approximately 46,753 sq ft. The property has a regular site layout, with prominent frontage on three sides, providing strong signage and branding opportunities.

Currently tenanted to a reputable educational institution, the property has been recently enhanced to provide updated teaching facilities, while retaining its distinctive historical charm and character to create a unique learning environment. In addition, there is an ability to introduce innovative design to identify value creation opportunities, and to maximise the asset’s efficiency and potential.

“Well-located, long leasehold sites of this nature are very rarely available for sale. Whilst the asset could generate stable income, the potential buyer will also have a variety of options to fully prepare for future growth plans. We expect very strong interest from educational operators and investors who are looking to enter the Singapore market, or established groups looking to expand their presence and offering in Singapore,” Rohit Hemnani, Head of Corporate Capital Markets at JLL.

Strategically located within the growing Serangoon sub-regional district, the location is undergoing a planned transformation that will see a comprehensive range of amenities to create a liveable, self-sufficient town.