Posted on 10 February 2020 | 1,163 views
Knight Frank Singapore has exclusively announced the sale of a high-specification warehouse and factory in Gul Circle through an expression of interest with a guide price of $42 million. The property, which comprises a JTC leasehold five-storey factory and warehouse with a mezzanine, has a gross floor area of approximately 245,955 sq ft. Its site has a remaining lease of 15 years and 11 months and is zoned as a Business 2 site under the URA Master Plan 2019.
Designed to meet modern industrial needs, the property has features such as high ceilings for storage and operations, cold rooms, and a strong floor loading capacity to accommodate various industries. It also has nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators. The property is conveniently located near major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as Joo Koon MRT station.
The expression of interest exercise for the property will close on March 18 at 3pm. Knight Frank Singapore highlighted the property’s strategic location and modern features as attractive selling points, making it a prime investment opportunity. Interested buyers can explore the potential of this property and submit their bids before the closing date.
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