TWO freehold redevelopment sites located off Lavender Street are up for sale by public tender, with indicative pricing for 2 Cavan Road at S$47.4 million and that for 21 Cavan Road at S$12.6 million, joint marketing agents CBRE and HRL Properties said on Tuesday.
The smaller of the two sites, 21 Cavan Road, which has a land area of 8,529 sq ft, is across the street. A four-storey light industrial building that was completed in 1975 sits on the site. A development charge of S$15.5 million is payable for the redevelopment of this site.
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