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/CBRE

2 JTC factories at Tuas Avenue on sale for $25m

The sale will be through a private treaty.

CBRE announced that two contiguous JTC factories located at 2 & 4 Tuas Avenue 2 are put on sale.

In a statement, the marketing agent said the properties have production and manufacturing facilities, and suitable open yard space.

The 158,005-square-foot development has a total gross floor area of approximately 91,859 square feet.

The remaining land tenure for both no. 2 and no. 4 currently stand at about 23 years and 27 years, respectively.

The sites, zoned for Business 2 with a plot ratio of 1.4, have a potential built-up area of approximately 221,237 square feet, leaving almost 130,000 square feet of unutilised plot ratio.

"New owners can potentially more than double the existing floor area," said CBRE.

The property is suitable for owners who need industrial sites with large land areas and warehouses with good ceiling heights fully equipped with cranes.

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