Published:
Industrial building put up for sale in Tuas as another manufacturer exits
The vendor is seeking offers above $12 million.
An industrial estate located at 9 Tuas Ave 10 has been put up for sale.Currently occupied by Fabristeel Holdings, the estate consists of large buildings, which comprises warehousing, production, office areas and an open yard.
According to JLL, it has a gross floor area (GFA) of approximately 54,350 sq ft sitting on a leasehold site of 85,814 sq ft, with a balance lease of approximately 38 years. The property sits in the “Business 2” zone and has a plot ratio of 1.4.
The vendors, a manufacturer of steel fabricated equipment, are relocating in order to optimise their operations, and are seeking offers in excess of $12 million.
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