Built in the 1980s, the freehold four-storey commercial/residential development in Jalan Serene comprises 30 retail/food and beverage units, 10 apartment units and car-park facilities, and is owned by a single family owner, according to marketing agent Cush& Wakefield.
Located near the Botanic Gardens MRT interchange station, Serene Centre sits on a 32,225 sq ft site area with a gross floor area of 47,475 sq ft. Under the 2019 Master Plan, the site is zoned as "commercial/residential" and eligible for purchase by foreigners. The tender will close at 3pm on Nov 14.
"This is an old asset and the seller doesn't want to put in more money to redevelop the property.
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