Pair of Business 2 factories in Tuas for sale at $25 mil

The residential properties have an entire gross floor part of around 91,859 sq ft and definitely will be sold with existing production and manufacturing facilities on the first floor and an ancillary office on the second level. The very first storey has a ceiling height of 10m– 13m counting on its pitch roof style. This production place includes a largely column-free floor design with 12 overhead cranes.

Lentor Hills Residences Lentor Hills Road

According to CBRE, the brand-new owner has the choice to further utilise the plot ratio by building up to the maximum built-up area of regarding 221,237 sq ft, more than doubling the occurring flooring area. Graeme Bolin, head of occupier and leasing, industrial and logistics solutions at CBRE Singapore, claims:” [The properties are] two strong sites separately. When paired together, they present an uncommon chance to take possession of a large industrial acreage with substantial untapped gross floor location and solid present building specifications and fit-out.”

The manufacturing facilities sit on a combined plot of 158,005 sq ft which is zoned “Business 2” under the master plan. Both sites have a 30-year leasehold, with 2 Tuas Avenue 2 keeping a standing lease of 23 years, as well as 4 Avenue Ave 2 maintaining a standing lease of 27 years.

He includes that this type of factory estate in Tuas with remaining rental of greater than 20 years is extremely hard to come by in the market, including direct allotment and additional markets.

A pair of contiguous JTC warehouses at 2 & 4 Tuas Avenue 2 have been offered with an indicative price of $25 million. CBRE is the only marketing representative for the deal of both industrial real properties. The warehouses will be marketed with exclusive arrangement.

” [The real estates are] especially valuable for owner-occupiers that call for industrial sites with bigger land area and covered storehouses with excellent ceiling height, fully furnished with cranes. The lengthy standing rent period will be a lot more valuable in the coming years as supply for such land-based factories decrease via the expanding demand for Tuas as the key manufacturing hub in Singapore,” states Bolin.

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