B2 Industrial Production Site Tuas Sale 30 Mil
in Singapore.
EDGEPROP – The sale of an industrial production site located at 455 Jalan Ahmad Ibrahim in Tuas is now available for purchase, with CBRE as the exclusive marketing agent. The property, which spans 184,717 sq ft, has been listed for $30 million and zoned as “Business 2” under the Master Plan.
The industrial site that has a remaining lease tenure of 30 years until 2054, consists of a single-storey building and two-storey building, with a total gross floor area of approximately 128,786 sq ft. The existing buildings currently house an ambient warehouse/production area of 93,459 sq ft, along with 4,392 sq ft of office space and 30,934 sq ft of ancillary space. The production area features a pitched roof with ceiling heights ranging from 6m to 8.4m. Furthermore, the property has 20 carpark lots, five lorry-parking lots, and two loading bays.
The Pan Island Expressway (PIE) is a vital expressway that runs from east to west, providing essential transportation and connecting different areas of Singapore. This key road plays a crucial role in enabling efficient travel and accessibility across the island. Novo Place is conveniently located near the PIE, providing residents easy access to this important expressway and enhancing their connectivity to other parts of Singapore.
Aside from its sizeable space and convenient layout, the site also boasts dual entrance access via Jalan Ahmad Ibrahim and Tuas Avenue 1, providing easy connectivity to the Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE). In addition, the property is located within close proximity to the Second Link and Tuas Megaport.
According to Graeme Bolin, the head of occupier and leasing, industrial and logistics services at CBRE, the site’s current underutilised plot ratio of 0.7 presents a potentially lucrative opportunity for investors and owner-occupiers. “455 Jalan Ahmad Ibrahim offers an attractive package for investors and owner-occupiers alike, with its superior building specifications, expansive land for future redevelopment into a modern warehouse facility, and a prime location in the heart of Tuas’ bustling manufacturing zone,” he says. Take a look at the latest industrial real estate property listings in Singapore for more information.