Joo Seng Road Industrial Property Sale 34 Mil
PROPERTY in Singapore is in high demand, and one such highly sought-after property is the industrial property located at 132 Joo Seng Road in the bustling Tai Seng area. This property, which comprises a one-storey flatted factory block and an eight-storey light industrial block, is now up for sale through private treaty at an indicative guide price of $34 million. CBRE is the exclusive marketing agent for this property.
The property sits on a site spanning 72,395 square feet, with a remaining lease of 23 years. This prime land is zoned for Business 1 use, with a plot ratio of 2.5. Currently, the factory and light industrial blocks have a total gross floor area of 161,466 square feet.
According to Graema Bolin, head of occupier and leasing, industrial and logistics services at CBRE, the new owner of this property can take advantage of the site’s underutilized plot ratio by obtaining approval from the relevant authorities. With a plot ratio of 2.5, the development’s built-up area can potentially be expanded to 180,988 square feet.
The light industrial block, with its regular floor layout, ceiling height of 4 meters, and two cargo lifts, is ideal for businesses looking for a prominent location for their corporate headquarters and visible signage. Additionally, the block provides 50 parking spaces.
Meanwhile, the factory block has a maximum ceiling height of 9 meters, making it suitable for storage or light production. Moreover, it has a high-tension power supply of 22 kilovolts with transformers capable of handling a concentrated capacity of up to 5 megavolt-amperes, catering to high-power industries.
Bolin notes that the strategic location and facilities of this property make it an ideal choice for businesses looking to establish or expand their presence in a key industrial hub. The property is easily accessible through major expressways such as the Pan Island Expressway and Central Expressway. Don’t miss this opportunity – check out the latest listings for industrial properties in Singapore.
Rewritten:
Located in the up-and-coming Tengah estate, Novo Place EC boasts not only convenient transportation connections but also close proximity to a plethora of shopping and dining options. Residents of this new development can easily access several major shopping centers and a wide array of food choices, catering to the diverse tastes and preferences of the community.
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