SINGAPORE (EDGEPROP) - An industrial building at 48 Changi South Street 1, within the Changi South Industrial Estate, is on the market for $12 million, or $270 psf.

Read also: Ascendas Reit divests Changi South warehouse for $20.3 mil

The part two-/part four-storey building sits on a land area of approximately 44,368 sq ft, with a gross floor area of approximately 44,367 sq ft.

The property comes with double-volume ceiling height, with a total of 27 servicing bays at the production and servicing area with a floor loading capacity of up to 15 kilonewton per sq m.

The building is served by a car lift and a service lift, with available car parking lots on site. There are also ancillary offices and meeting rooms in the space.

It is zoned for Business 2 (Industrial) use with a plot ratio of 1.0.

“Equipped comprehensively as a full-fledged vehicle fleet maintenance facility, the seller has been owner-occupying the premises for years, but has since outgrown the space due to the business expansion. There are options available for the buyer to purchase on a vacant possession basis or on a leaseback structure,” says Sammi Lim, founder and executive director, Brilliance Capital, which is marketing the property.

The expression of interest exercise will close on Jan 7 at 3pm.