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ABOUT THE EN BLOC SALES
Waterloo Apartments is a 999-year leasehold property that is comprised of 30 home units. This en bloc was launched into the tender with a reserve price of $115 million. This property has about 14,369 square feet in land size.
This property falls into a high-baseline category which makes the development charge not payable for the future acquiring developer. Addressed at 64 Waterloo Street, the property is expected to receive numerous bids from various developers.
According to Cushman & Wakefield director Cristina Sim, the offer open great potential for developers to build an exemplary hotel development that will very much befit the booming Civic District in the country.
Another notable detail that the director pointed out is the consistent choice for the country when it comes to conventions, gatherings, meetings, government conferences, summits, and even the undeniable growing number of tourists which demands a higher number of hotel accommodations that are within a short distance to the Central Business District. The average occupancy rate when these events happen booms up to 85%.
Its switch from being a residential property to a boutique hotel increases its Gross Plot Ratio from 2.8 to 4.2 allowing it to accommodate around 180 units of hotel rooms.
The tender for Waterloo Apartments is scheduled to close on October 23 at 3 PM.
WATERLOO APARTMENTS LOCATION
Waterloo Apartments is situated in a well accessible area that is within 3 minutes of driving to the Orchard Shopping District. Addressed at 64 Waterloo Street in District 07, this property has 30 residences. Hillock Green is another promising property within District 07 that holds vast opportunities to its residents.
Waterloo Apartments is a majestic residence that is within a short drive from plenty of amenities that people can enjoy. Reputable schools such as St. Margaret’s Primary School, Singapore Management University, Kaplan Singapore, Farrer Park Primary School, Elite International College, TMC Academy, Coleman College, Outram Secondary School, Indian Central School and Dunman High School are among the many lists. These schools have always provided the best quality of education to their students.
Shopping without limits is truly conventional and exciting especially if you are within a hand’s reach to a wide range of shopping centers. Malls like the Plaza Singapura, Parklane, Golden Landmark, Raffles City Shopping Centre, Suntec City and Clarke Quay Central are among the many malls that are only within a few minutes drive.
Of course, the availability of having a wide range of nearby restaurants and food centers offers a magnificent convenience for the residents. These restaurants cater to different cuisines of the world. And mention some are Curious Palette, Janice Wong, Flutes, Victor’s Kitchen, The Botanic, Wing Seong Fatty’s Restaurant and Vatos Urban Tacos.
The link between the various areas in Singapore to this wonderful site is undeniably convenient. Roads such as the Bukit Timah Road as well as Nicoll Highway offers a driving convenience to and from the property. Within a few minutes of drive leads you to the prestigious Gardens by the Bay East which is possible through Nicoll Highway which will only take you a short 11-minute driving experience.
MRT stations and bus hubs are also available for the convenience of commuters. Stations such as Little India MRT, Sunshine Plaza Bus Stop, Jalan Besar MRT, Rochor MRT, Peace Centre Bus Stop, Dhoby Ghaut MRT and Rendezvous Hotel Singapore Bus Stop are among the list. Enjoy a comfortable ride towards your chosen destination.
As the Waterloo Apartments is set to be redeveloped into a hotel boutique, its 16-minute driving distance to Changi Airport is such a huge convenience to future occupants and clients.
MODE OF TRANSPORT
- Bugis MRT
- Rochor MRT
- Dhoby Ghaut MRT
- Little India MRT
- Jalan Besar MRT
- Bras Basah MRT
- Peace Centre Bus Stop
- Sunshine Plaza Bus Stop
- Rendezvous Hotel Singapore Bus Stop
- Bukit Timah Road
- Victoria Street
- Nicoll Highway
- Plaza Singapura
- Singapore Management University
- Bras Basah Complex
- Bugis Street
- St. Margaret’s Primary School
- National Museum of Singapore
- Sim Lim Square
- Rex Cinemas
- Raffles Hospital
- Tekka Centre
POTENTIAL OF THE SITE
The Waterloo Apartments Property has great potential and can be easily accessed through various means of transportation as well as major routes. This property measures a site area of 14,369 square feet which enables it to house 30 units.
Upon its redevelopment, Waterloo Apartments is expected to yield about 180 hotel rooms if the acquiring developer decides to build an amazing hotel property. The site which is zoned to have a high baseline have a gross plot ratio of 4.2 which is increased from the original 2.8.
The hotel rooms will have an average size of 20 square meters but are still subject to approval. With this size, future occupants will surely be able to enjoy their stay and vacation in the country.
Tourist will be a short drive from prestigious destinations in the country which will only take them around 5-15 minutes of driving. The Changi Airport is only about 16 minutes drive through the East Coast Parkway which boosts its chance to gain and attract more customers to the hotel.
The Waterloo Apartments offers a 999-year leasehold making it possible to have infinite ownership. Huge potential for the property awaits. Zoned as residential with first storey commercial space, this property can be turned into a fabulous hotel development with a great number of amazing facilities that are 5-star in style.
Its area which is surrounded by modern and sought-after amenities are essential for your day-to-day living offers a great potential for high rental yield. The business will surely be in the boom in this amazing site.
WATERLOO APARTMENTS NEW CONDO REGISTRATION OF INTEREST
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