An opportunity to own a state-of-the-art warehouse and factory has arisen in the industrial hub of Gul Circle. This property is being marketed exclusively by Knight Frank Singapore and is available for sale via an expression of interest at a guide price of $42 million.
Situated on a 105,648 sq ft plot of land, this JTC leasehold property consists of a five-storey factory and warehouse, with the added bonus of a mezzanine level spanning four floors. In total, it offers a generous gross floor area of approximately 245,955 sq ft.
With a remaining tenure of 15 years and 11 months as of February 1st, the property is zoned as a Business 2 site under the URA Master Plan 2019. It has been designed to meet the demands of modern industrial needs, boasting features such as high ceilings for optimal storage and operations, as well as specialized amenities like cold rooms and heavy floor loading capabilities to accommodate various industries.
The property also offers convenient access to major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as being in close proximity to Joo Koon MRT station.
Furthermore, the property boasts nine loading and unloading bays with 40-footers and dock levelers, as well as four cargo and service elevators. Its strategic location and advanced features make it an ideal choice for businesses of various industries.
The expression of interest exercise for this property will close on March 18th at 3pm. Don’t miss the chance to own this highly sought-after industrial property. Contact Knight Frank Singapore for more information.
When it comes to investing in condos in Singapore, one must consider the impact of the government’s property cooling measures. In order to maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented several measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which increases taxes for foreign buyers and those purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment. With new condo launches happening frequently, it is important to take these measures into account before making any investment decisions. This will ensure a more informed and successful investment journey in the dynamic Singaporean real estate market.