Land-based factory in the West region for sale for $6m
The sale will be via a private treaty.
An industrial site with production and manufacturing facilities and an ancillary office, located at 5 Tuas Avenue 18A is for sale at an indicative price of $6m.
The site is sitting on a 22,500 square-foot site, with a remaining lease until August 2050. The industrial development has a total gross floor area of approximately 11,900 square feet.
Under the Master Plan 2019, the site is zoned for “Business 2” with a plot ratio of 1.4. Hence, the building can have a potential built-up area of approximately 31,500 square feet, leaving almost 20,000 square feet of unutilised plot ratio.
The property comprises manufacturing and production space on level 1, and an ancillary office space on level 2. Level 1 has a high ceiling height of 9m and floor loading of 12.5 kN/m2, which can serve logistics and production use that require covered warehouses with higher height. It can also be used to increase total gross floor area by erecting a mezzanine floor over the high ceiling area, increasing the amount of floor space available within the current building structure.
The sale will be via a private treaty. CBRE is the property’s the appointed exclusive marketing agent.