Jalan Kilang light industrial development launched for sale

The eight-storey property features a roof terrace and basement carpark.

An eight-storey light industrial development located at 10 Jalan Kilang has been launched for sale via an expression of interest (EOI) exercise, an announcement by marketing agent CBRE revealed.

The development sits on a 20,584 sqft site that is zoned for Business 1 (B1) use with a plot ratio of 2.5. It also features a roof terrace and basement carpark, offering a total gross floor area (GFA) of approximately 59,236 sqft.

“The subject property generates a strong and stable yield due to its high-quality tenancy mix. Based on a net lettable area of approximately 47,824 sqft, the building is currently 80% tenanted comprising companies from the electronics, biomedical, information technology, shipping and trading sectors, among others,” CBRE’s executive director of industrial and logistics services Rimon Ambarchi said in a statement.

The EOI for the property will close on 5 April 2019.