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Singapore manufacturer Khong Guan has put up for sale by public tender Khong Guan Industrial Building, an eight-storey building located at 20 Mactaggart Road.
The freehold property, zoned for Business 1 or light industrial use, has a site area of approximately 21,123 sq ft and a plot ratio of 2.5. According to marketing agent Edmund Tie & Company, the property’s plot ratio has been fully utilised with the existing gross floor area at 57,019 sq ft or equivalent plot ratio of 2.7.
The building is currently let out to multiple tenants, and is also undergoing construction and will feature a revamped premise for when completed in 2017.
Commenting, the firm’s Investment Advisory Services director Tan Chung Ming said: “Rare freehold industrial sites in this location such as the subject property will appeal to end-users seeking to house their corporate headquarters and also property investors who believe in the further growth of Tai Seng.”
The tender for the property will close on 7 September.
Nikki De Guzman, Editor at CommercialGuru, edited this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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