[UPDATE] Freehold industrial with office space at Apex @ Henderson for sale at $18.8 mil
By Jennifer Venkat
/ EdgeProp Singapore |
Strata industrial office space at Apex @ Henderson, a freehold Business 1 industrial property located on Henderson Road, is up for sale with a guide price of $18.8 million. (Photo: Huttons Asia)
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SINGAPORE (EDGEPROP) - Strata industrial with office space at Apex @ Henderson, a freehold Business 1 industrial with office property located on Henderson Road, is up for sale with a guide price of $18.8 million. The property consists of six strata titles amalgamated into one lot with a total area of 15,608 sq ft, which means the guide price works out to about $1,205 psf.
The lot has been fitted out as an office space designed to emulate a “Google-style work environment”, says Gary Chong, associate senior marketing director at Huttons Asia who is marketing the property. It includes open office space, a reception and waiting area, a pantry, rooms for senior management, and a conference room. Located on level 9, which is the top floor of the building, the space shares the same floor as a number of Apex@Henderson’s lifestyle amenities including a lap pool, a gym and a sauna room.
Map and overview of 201 Henderson Road (Source: EdgeProp LandLens)
Apex @ Henderson was completed in 2015. Located at 201 Henderson Road, the building is nestled within the Bukit Merah precinct. It occupies a land area of 83,453 sq ft and possesses a Gross Floor Area (GFA) of 208,551 sq ft. The Tiong Bahru and Redhill MRT Stations are about a 15-minute walk away.
Chong says that the property is in “tip-top condition”. Combined with its strategic location in District 3, he sees it as an attractive investment opportunity for both real estate investors and entrepreneurs seeking a “dream workspace”.
Recent transactions of industrial property on 201 Henderson Road (Source: EdgeProp Research tool)
The most recent transaction to occur at Apex @ Henderson based on caveats lodged was in October 2022, when a unit on the ninth floor measuring 2,530 sq ft sold for $2.53 million ($1,000 psf). Prior to that, a unit on the sixth floor measuring 2,938 sq ft fetched $2.55 million ($868 psf) in July 2022.
Check out the latest listings near Apex @ Henderson, Henderson Road, Tiong Bahru MRT Station, Redhill MRT Station
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