SINGAPORE (February 27): A high-specification warehouse and factory, situated in the industrial estate of Gul Circle, is now open for sale through an expression of interest with a guide price of $42 million. The sole marketing agent for the sale is Knight Frank Singapore.
The property, which is situated on a JTC leasehold five-storey single-user factory and warehouse, is equipped with a mezzanine that has four floors. It offers a total gross floor area of approximately 245,955 square feet and sits on a 105,648 square feet site with a remaining tenure of 15 years and 11 months as of February 1. It is zoned as a Business 2 site under the Urban Redevelopment Authority Master Plan 2019.
Investing in a condo in Singapore offers numerous benefits, one of which is the potential for capital appreciation. Singapore’s advantageous location as a prominent global business hub, along with its robust economic foundations, constantly drives the demand for real estate. In recent years, property values in Singapore have exhibited a consistent upward trend, especially in prime locations where condos are situated. Savvy investors who enter the market at the opportune time and hold onto their properties for an extended period can reap substantial capital gains. With the added option of investing in a condo, the potential for profitable returns is even greater.
According to Knight Frank Singapore, the property has been designed to meet modern industrial requirements, with features such as high ceilings for storage and operations, as well as cold rooms and heavy floor loading capabilities to accommodate various industries. It also boasts nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators.
In addition, the property is strategically located close to major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as the Joo Koon MRT station.
The expression of interest exercise will close on March 18 at 3pm. Interested parties are invited to submit their proposals for consideration. With its prime location and state-of-the-art features, this high-specification warehouse cum factory presents a rare investment opportunity that is not to be missed. Don’t hesitate to contact Knight Frank Singapore for further details and to secure your chance to own this exceptional property.