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A 10-minute drive from Woodlands Checkpoint, the terrace factory units are near the Sungei Kadut industrial estate, which is undergoing major rejuvenations to become the first local eco-district within an industrial estate. Image: Colliers International
A portfolio of two terrace factory units at 94 and 96 Mandai Estate has been put up for sale via expression of interest (EOI) carrying an indicative price of $18 million, revealed marketing agent Colliers International.
Strategically situated within the Mandai Estate industrial cluster in District 25, the two-storey freehold factory units – one of which is an intermediate unit while the other is a corner terrace factory unit – occupy a combined land area of around 13,945 sq ft.
They have a total built-up area of around 17,233 sq ft, which is below the 34,864 sq ft allowable maximum gross floor area. Currently, the factory units are tenanted and are being sold with existing tenancies.
The site is zoned for Business 2 use under the 2019 Master Plan with a plot ratio of 2.5.
“It is rare to find freehold factory units that are zoned in Business 2 and the sale of these units are not subject to JTC’s approval,” said Steven Tan, Senior Director of Investment Services at Colliers International.
He noted that the factory units are “well-suited for long term investment and offers flexibility to buyers who wish to utilize on the untapped GFA potential to redevelop the properties in the future”.
Just a 10-minute drive from Woodlands Checkpoint, the terrace factory units are near the Sungei Kadut industrial estate, which is undergoing major rejuvenations to become the first local eco-district within an industrial estate.
They are also close to the upcoming Sungei Kadut MRT Interchange that will serve the Downtown Line and North-South Line and is set for completion in mid-2030s.
The EOI exercise for the freehold factory units closes on 2 February.
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