Knight Frank, a global property consultancy firm, has been appointed as the sole agent for the public tender sale of over 80% undivided shares of Nos 4-8A Carmel Road in Island South (“the Property”). Tender closing date will be on 27 June 2017 (Tuesday) 12 noon.
Locating on a residential redevelopment site in Island South, the Property has a site area of around 40,000 sq ft. Completed in 1964, it comprises three blocks of 3-storey buildings, offering a total of 18 residential units with sea views from higher floors. Developments in the vicinity include single lot detached houses, townhouses and low to mid-rise deluxe apartments.
This is a rare and precious opportunity for developers, investors and /or end-users to acquire such a prestigious residential property (with redevelopment potential) within Island South.