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A freehold industrial property located near Aljunied MRT station has been put up for sale, with an asking price of $23 million or $599 psf per plot ratio (psf ppr), revealed marketing agent Edmund Tie & Company (ET&Co).
With a gross floor area of 38,410 sq ft, the property sits on a 15,364 sq ft site zoned for Business 1 use under the 2014 Master Plan. It has a gross plot ratio of 2.5 and could be redeveloped at a maximum gross floor area of 38,410 sq ft.
No development charge is payable for the site.
About 350m away from Aljunied MRT station, the property is a short drive from the central business district and one MRT station away from the Paya Lebar commercial hub.
Held under a single ownership, the property “presents a rare opportunity for end users and developers to acquire a rare freehold industrial site at a city fringe location”, said Swee Shou Fern, executive director of investment advisory at ET&Co.
“The new owner will also have potential signage and naming rights for the property.”
The tender for the property closes on 28 May.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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