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The JTC factory has 33 years of the lease years remaining and has a plot ratio of 1.4. Photo: Knight Frank Pte Ltd.
A two-storey industrial building at 33 Tuas Basin Link Road has been launched for sale via expression of interest (EOI), with a guide price of $8 million, revealed exclusive marketing agent Knight Frank.
With balance land tenure of 33 years, the JTC factory occupies a 4,633.40 sq m (49,873.45 sq ft) site that is zoned for B2 use under the 2019 Master Plan with a maximum allowable plot ratio of 1.4.
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The building – which has a gross floor area of 3,927.79 sq m (42,278.33 sq ft) – enjoys main road frontage along Pioneer Road. It is situated near the Second Link at Tuas as well as the upcoming Tuas Mega Port, making it well-positioned to meet the logistical and operational needs of firms dealing with international trade.
The property’s proximity to both Tuas Crescent and Gul Circle MRT stations also offers convenience to employees commuting from Malaysia.
Knight Frank noted that the property is ideal for general industrial use, like precision engineering, manufacturing, electronics, bio-medical and logistics or distribution industries.
“The proximity of the property to the Tuas Amenity Centre, Tuas Megaport and two MRT stations certainly renders this an attractive opportunity for business owners. In addition, the balance land tenure of 33 years is a premium over most land tenures from industrial government land sales plots that are in the vicinity,” said Daniel Ding, Head of Capital Markets for Land & Building, International Real Estate & Industrial, Knight Frank Singapore.
The EOI exercise for 33 Tuas Basin Link Road closes on 13 October.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg