33 colonial bungalows up for lease
http://www.straitstimes.com/Money/St...ry_573380.html
Sep 1, 2010
33 colonial bungalows up for lease
THE Singapore Land Authority (SLA) has launched a tender comprising 33 black and white bungalows at Mount Pleasant for lease.
These colonial bungalows, which are being offered on a master tenancy basis, are approved for residential use.
The successful tenderer will get an initial tenancy period of three years, with an option to renew for two more three-year terms.
The bungalows have a gross floor area (GFA) ranging from about 210 sq m to 1,140 sq m, with a land area of about 1,500 sq m to 18,000 sq m.
The guide rent for master tenancy of the 33 bungalows is $488,300 per month.
Together, the properties have a total GFA of about 17,300 sq m.
Their combined land area of about 181,600 sq m works out to about 22 soccer fields.
The bungalows are a charming throwback to Singapore's colonial past and rich in historical value.
Besides their architectural significance, the bungalows run along the tranquil and leafy Mount Pleasant Road, which has been designated by the National Parks Board as a Heritage road.
Only those who have a proven track record in financial management, and standing, experience and technical capability and expertise, may participate in the tender, which closes on Sept 21.
