Industrial building in Tuas on the market for $6.8 mil
/ EdgeProp Singapore |
50 Gul Crescent (Picture: Brilliance Capital)
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SINGAPORE (EDGEPROP) An industrial factory located at 50 Gul Crescent, off Tuas Road, has been launched for sale by public tender with a guide price of $6.8 million. It is a single-storey factory that comes with a mezzanine level and a two-storey rear extension.
The property has a gross floor area totalling 27,771 sq ft. It occupies a land area of 41,779 sq ft that is zoned for Business 2 (Industrial) use with a plot ratio of 1.4.
Sammi Lim, founder and executive director of Brilliance Capital, which is the sole marketing agent for the property, notes that the site will be sold with vacant possession, allowing the buyer or end-user the flexibility to commence operations immediately. “One added attraction is the fresh tenure for the site which has recently been renewed for a further 30 years lease commencing Oct 1, 2021,” she continues.
The ancillary office space (Picture: Brilliance Capital)
The ground floor of the factory has an air-conditioned ancillary office space, along with a workshop and production floor area equipped with washing and loading bays. The second floor also has air-conditioned office space plus a research and development area.
50 Gul Crescent is located with the Tuas industrial estate, close to the Ayer Rajah Expressway and Pan-Island Expressway, as well as the Singapore-Malaysia Second Link Bridge. The Gul Circle MRT Station is a six-minute walk away.
The most recent industrial property transaction along Gul Crescent was the sale of a 132,149 sq ft site for $5.5 million in May 2019 (Source: EdgeProp Research)
Lim expects the property to draw a wide pool of prospective buyers. “The factory offers a rare opportunity to acquire a fully functional and strategically located industrial facility in one of Singapore's most sought-after industrial areas,” she says.
The tender for 50 Gul Crescent will close on April 19 at 3pm.
Check out the latest listings near Gul Circle MRT Station
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