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Pantech Business Hub is an industrial development located at 192 Pandan Loop, featuring three seven-storey blocks. It has 63 years left on its 99-year leasehold tenure. Photo: CBRE
Nine ground-floor strata units at Pantech Business Hub have been put up for sale via expression of interest (EOI), carrying an indicative price of 650 per sq ft on the strata area, revealed exclusive marketing agent CBRE.
To be sold either collectively or individually, the units have a total strata area of around 17,825 sq ft, with the smallest unit measuring 1,259 sq ft and the biggest 3,488 sq ft.
The units, which are situated adjacent to the loading/unloading bay and are currently tenanted, comes with a 5.4-meter ceiling height, water points, floor loading of 20 kilonewton per square meter, soil pipes, wide unit entrance and mechanical ventilation infrastructure.
Pantech Business Hub is an industrial development located at 192 Pandan Loop, featuring three seven-storey blocks. It has 63 years left on its 99-year leasehold tenure.
Under the 2019 Master Plan, the development occupies a site zoned for Industrial “Business 2” use, hence, foreigners can acquire the property with no Additional Buyer’s Stamp Duty payable.
“Industrial and logistics properties, especially warehouses or last-mile assets, have witnessed increased interest recently due to the acceleration in e-commerce during the pandemic. Hence, this is a timely opportunity for owner-occupiers or investors to acquire a portfolio of prime ground-floor industrial units,” said Graeme Bolin, Senior Director of Industrial and Logistics at CBRE.
He noted that the units can be used for food-related activities since Pantech Business Hub is within the 100-meter buffer zone around Pandan Food Zone.
Pandan Loop is also within proximity to Pasir Panjang Terminal “which is set to be Singapore’s key port in the next 20 years”, said Clemence Lee, Senior Director of Capital Markets, Singapore at CBRE.
“The strategic location provides businesses the convenience in facilitating storage demand as well as international trade activities.”
And given the government’s plan to transform the Greater Southern Waterfront “into a major gateway to future live, work and play, the successful buyer can expect to enjoy potential capital and rental upsides due to the positive spill-over of activities. The surrounding mature residential estates including Clementi and Jurong East also provide a ready pool of labor supply”, he added.
The EOI exercise for the nine ground-floor strata units closes on 21 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