Four adjoining B1 industrial strata units for sale at $4.5 mil
By Nicholas Lam
/ EdgeProp Singapore |
A portfolio of four adjoining strata industrial units in E-Centre @ Redhill is up for sale by private treaty. (Photo: Brilliance Capital)
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A portfolio of four adjoining strata industrial units in E-Centre @ Redhill, located at 3791 Jalan Bukit Merah, is up for sale by private treaty. Real estate agency Brilliance Capital is the sole marketing agent for the properties.
The adjoining units have a combined gross floor area (GFA) of about 6,049 sq ft, which means the guide price of $4.5 million translates to $744 psf.
According to Sammi Lim, founder and executive director of Brilliance Capital, the portfolio provides flexibility to buyers, allowing them to adapt the space according to their specific needs. Individual strata units within the portfolio range from 1,259 to 1,604 sq ft in size.
Zoned for Business 1 light industrial use, E-Centre @ Redhill is a 99-year leasehold building with about 37 years remaining on its lease. To date, seven units in the property have changed hands this year. The most recent transaction was for a 990 sq ft unit for $638,000, or $644 psf, on Sept 13.
Recent transactions at E-Centre @ Redhill (Source: EdgeProp Buddy, URA)
Local, foreign and corporate buyers can purchase the portfolio without incurring additional buyer’s stamp duty (ABSD).
Located in District 3, E-Centre @ Redhill has easy access to major motorways including the Ayer Rajah Expressway (AYE) via Gillman Flyover and Central Expressway (CTE) via Lower Delta Flyover.
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