with 30-year tenure
Knight Frank Singapore has been exclusively appointed as the marketing agent for the sale of a high-specification warehouse cum factory in Gul Circle. The property is available for sale via an expression of interest, with a guide price of $42 million.
Spanning over a total gross floor area of approximately 245,955 sq ft, the property comprises a five-storey single-user factory and warehouse with a mezzanine of four floors. It sits on a JTC leasehold site of 105,648 sq ft with a remaining tenure of 15 years and 11 months as of Feb 1. The site is zoned as a Business 2 area under the URA Master Plan 2019.
The property is designed to cater to modern industrial requirements, with features such as high ceilings for storage and operations, cold rooms, and heavy floor loading capabilities to accommodate diverse industries. It also boasts nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators.
Conveniently situated near major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as the Joo Koon MRT station, the property boasts excellent connectivity.
Investing in a condo has become a highly sought-after option in Singapore, attracting both local and foreign investors. This is mainly due to the nation’s flourishing economy, stable political environment, and exceptional quality of life. With its thriving real estate market, Singapore presents a plethora of opportunities, and condos emerge as an attractive choice for their convenience, facilities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and crucial steps to take when investing in a condo in Singapore.
Knight Frank Singapore has highlighted that this high-specification warehouse cum factory is a rare opportunity for companies looking for a modern and strategic industrial space. The expression of interest closes on March 18 at 3pm. To learn more, please visit Knight Frank’s website.