SINGAPORE (EDGEPROP) – A 5-bedroom dual-key penthouse at Icon @ Pasir Panjang will be set up for auction by Knight Frank on June 29. The house is an owner’s sale and has a manual cost of $2.68 million ($1,500 psf).
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Icon @ Pasir Panjang is a freehold blended-use growth found along Pasir Panjang Road in District 5. Formulated by Fragrance Realty and concluded in 2015, the five-storey enhancement is produced up of residential and professional parts.
The 5-bedroom penthouse up for auction actions 1,786 sq ft, building it the biggest device in the progress. According to Karen Ker, assistant manager of the auction crew at Knight Frank, the operator designs to market the assets as they are relocating to yet another region. The penthouse unit is becoming sold with an existing tenancy which will expire in August. The proprietor experienced purchased the unit for $2.14 million ($1,200 psf) in April 2013.
There are 18 residential units at Icon @ Pasir Panjang, situated from the third ground onwards. Household device measurements variety from 366 sq ft for a a person-bed room unit to 1,786 sq ft for a 5-bedroom penthouse. There are a complete of 31 strata shophouse units on the first and next floors, with tenants which includes eating places, a nail salon and a therapeutic massage parlour.
Positioned at the topmost flooring with a dual-crucial structure, the unit that is up for auction has two different entrances. The reduced degree of the penthouse consists of two bedrooms, a review region that opens to the living and eating areas, kitchen and common rest room. The upper stage residences the master bedroom with an en suite toilet, a second bed room and a frequent bathroom. There is also an outdoor roof terrace.
In addition to the penthouse, the seller also owns a 1,335 sq ft shophouse at the exact same progress. The corner unit, which is located on the next ground, will also be put up for auction by Knight Frank on June 29 at a guide selling price of $5.97 million ($4,472 psf). The shophouse is an F&B device that arrives with a kitchen, hooked up rest room and storeroom. It is remaining bought with vacant possession, as the lease for the recent tenant, held by the operator of an F45 health and fitness center, expires at the conclusion of June.
The penthouse capabilities an outdoor terrace spot, accessible from the higher ground (Credit history: Knight Frank)
The latest household transaction at Icon @ Pasir Panjang was in December 2020, when a 969 sq ft, a few-bed room unit on the fifth ground was offered for $1.2 million ($1,239 psf). The apartment was bought for $1.3 million ($1,342 psf) in July 2014, which means the operator endured a reduction of about $99,700. Prior to that, no units had been marketed considering that October 2014.
URA information demonstrates that the penthouse unit up for auction was leased out from past August with a regular hire of $5,100. This usually means that assuming the device up for auction proceeds to be leased out at the same charge, it could most likely present a gross rental produce of around 2% for each annum, based mostly on the guideline price.
The dual-critical penthouse steps 1,786 sq ft and includes two levels (Credit history: Knight Frank)
Icon @ Pasir Panjang is located adjacent to the Viva Vista browsing shopping mall, and is a 10-moment walk absent from Haw Par Villa MRT Station on the Circle Line.
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