News

Commercial Property

Staff Reporter

, Singapore

Published:

1 year ago

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Photo from Colliers

3-storey strata terrace factory at Midview City on sale via EOI

The property has a guide price of $6.2m.

Colliers announced the sale of a 3-storey strata terrace factory with a basement and roof terrace at Midview City via an expression of interest (EOI) exercise.

Zoned “Business 1”, the property has a strata area of approximately 9,009 sq ft. The property holds a leasehold tenure of 60 years from 23 January 2008, with approximately 43 years remaining.

The property is currently fully occupied and has been approved for use as a childcare centre.
Midview City is located at Sin Ming Lane in the heart of the Sin Ming Industrial Estate which comprises six 8-storey blocks and a row of 3-storey terrace blocks.

The site is served by two prominent entrances/exits via Sin Ming Lane and Bright Hill Drive.
The property has a guide price of $6.2m, which translates to $688 psf on strata area with no Additional Buyer’s Stamp Duty (ABSD).

The EOI will close on Tuesday, 29 April, at 3 pm.

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Colliers

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