Pair of Business 2 factories in Tuas for sale at $25 mil

The properties have a total gross floor area of about 91,859 sq ft and also will be marketed with presenting production and manufacturing centers on the 1st ground and an ancillary office on the 2nd ground. The first level has a ceiling elevation of 10m– 13m relying on its pitch roofing design. This production place features a largely column-free floor style with 12 top cranes.

According to CBRE, the new property owner has the choice to further use the plot ratio by building up to the max built-up area of about 221,237 sq ft, more than increasing the occurring flooring area. Graeme Bolin, head of tenant and leasing, industrial and logistics services at CBRE Singapore, says:” [The properties are] two strong sites separately. When combined all together, they offer an unusual opportunity to take possession of a huge industrial acreage with substantial untapped gross flooring area along with strong present building specifications plus fit-out.”

He adds that this kind of factory real estate in Tuas with standing leases of greater than two decades is very difficult to find by in the marketplace, featuring direct allocation and additional markets.

The factories sit on a consolidated plot of 158,005 sq ft that is zoned “Business 2” under the master plan. Both locations have a 30-year leasehold, with 2 Tuas Avenue 2 maintaining a standing lease of 23 years, and also 4 Avenue Ave 2 holding a standing lease of 27 years.

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” [The properties are] especially useful for owner-occupiers who require commercial sites with larger acreage and also covered stockrooms with good roof elevation, totally installed with cranes. The long remaining lease term will be a lot more important in the coming years as source for such land-based factories reduce with the growing need for Tuas as the vital production hub in Singapore,” claims Bolin.

A set of nearby JTC manufacturing facilities at 2 & 4 Tuas Avenue 2 have been put up for sale with an indicative rate of $25 million. CBRE is the single marketing agent for the sale of both industrialized real properties. The warehouses will certainly be offered with confidential treaty.

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