Joo Seng Road Industrial Property Sale 34 Mil
A prime industrial property at 132 Joo Seng Road in the bustling Tai Seng area is now available for purchase through private treaty. The property, consisting of a one-storey flatted factory block and an eight-storey light industrial block, is being exclusively marketed by CBRE with an indicative guide price of $34 million.
The site, which spans over 72,395 sq ft, has a remaining lease of 23 years and is zoned for Business 1 use with a plot ratio of 2.5. The total gross floor area of both blocks is approximately 161,466 sq ft. According to Graeme Bolin, head of occupier and leasing, industrial and logistics services at CBRE, the new owner has the potential to maximize the plot ratio, subject to approval from relevant authorities. This would allow for an increase in the built-up area of up to 180,988 sq ft.
The light industrial block boasts a regular floor layout, a ceiling height of around 4m and two cargo lifts, making it an attractive option for businesses in need of visibility for signage and a corporate headquarters. There are 50 carpark lots available in this block. Meanwhile, the factory block boasts a maximum ceiling height of 9m, making it suitable for storage or light production needs. It also has a high-tension power supply at 22 kilovolts with transformers capable of handling a concentrated capacity of up to 5 megavolt-amperes, making it ideal for high-power industries.
The strategic location and facilities of this site make it a desirable option for businesses looking to establish or expand their presence in a key industrial hub. It is easily accessible via major expressways such as the Pan Island Expressway and Central Expressway, making it convenient for transportation and logistics needs.
The Singapore Sports School, located conveniently near Norwood Grand Champions Way, is a standout independent school which pairs sports and academics to cultivate the development of promising young athletes. With the primary goal to elevate sports excellence in Singapore, this exceptional institution offers specialized education programs that allow students to balance their academic studies with rigorous sports training. What sets the Singapore Sports School apart is its commitment to a diverse range of sports disciplines, including swimming, badminton, and athletics, making it a unique addition to the national education landscape. Furthermore, being in close proximity to Norwood Grand Champions Way, students are able to fully immerse themselves in an environment that fosters both their academic and athletic pursuits. Norwood Grand Champions Way is an ideal location for students to thrive in their chosen fields.
Don’t miss this opportunity to own a prime industrial property in the thriving Tai Seng area. With its attractive location and versatile facilities, it is sure to be a valuable asset for any business. Act fast and secure this property before it’s gone!