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An industrial factory cum warehouse along Tuas View Crescent has been put up for sale by public tender, marketing agent DTZ Debenham Tie Leung (DTZ) announced in a press release on Wednesday (13 April).
The part 1-storey and part 3-storey property sits on a 172,209 sq ft land is zoned for Business-2 uses and comes with a plot ratio of 1.4 under the 2014 Master Plan.
According to DTZ, the property is under a JTC Corporation (JTC) lease and has approximately 44 years remaining on it. “This is much longer than the typical 20 or 30-year lease for recent new sites released for sale through JTC’s Industrial Government Land Sales (IGLS) Programme.”
The property has a total gross floor area of approximately 178,016 sq ft, reflecting an existing plot ratio of 1.03. It will be sold with vacant possession, subject to JTC’s approval, DTZ said.
The property consultancy also added that the industrial space spans across large, regular floor plates on the first and third levels and has an ancillary office is situated on the second floor.
“Given its current specifications, the property is capable of being suited for certain specialised uses that require very high power usage and minimal downtime during operations,” said DTZ. “Furthermore, it is currently vacant, allowing potential buyers to immediately undertake addition & alteration works to suit their intended usage and also tap on the unutilised plot ratio.”
Tender exercise for the property will close on 26 May.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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