The Tuas View Link Industrial Site, a prime opportunity in Singapore’s industrial sector, is up for sale with a guide price of $138 million. Located at 51 Tuas View Link, this expansive property spans a total area of 456,810 square feet and is zoned for Business 2 industrial use, catering to a variety of industrial activities.
The site consists of two blocks of single-storey warehouses that collectively offer a gross floor area (GFA) of 323,831 square feet, demonstrating its capacity to accommodate substantial industrial operations.
The current plot ratio of the site stands at 0.7, but it presents an enticing prospect for redevelopment. With approximately 31 years remaining on its private leasehold tenure, which commenced in 1996, the site has the potential for significant enhancements. Should a buyer opt for redevelopment, the maximum plot ratio could be increased to 2.5, allowing for a GFA of up to 1.14 million square feet. This possibility for expansion greatly enhances the site’s value proposition, positioning it favorably for stakeholders interested in maximizing their investment.
One of the standout features of the Tuas View Link Industrial Site is its full ownership flexibility. Unlike many industrial properties that come with lease assignment or resale restrictions, this asset allows for greater freedom in ownership transfer and usage. This flexibility makes it particularly appealing to a range of stakeholders, including industrial users looking for operational space, developers with a vision for new projects, and real estate investment trusts (REITs) seeking high-potential acquisitions.
The expression of interest (EOI) for the site is set to close on June 10 at 3 PM, with Colliers appointed as the marketing agent for the sale. Their involvement underscores the strategic significance of the site within Singapore’s evolving industrial landscape.
As the demand for industrial space continues to rise, driven by Singapore’s robust economic framework and ongoing developments in logistics and manufacturing, the Tuas View Link Industrial Site emerges as a noteworthy investment opportunity.
Investors are likely to be drawn to the long-term capital appreciation potential that this site promises. The strategic location in Tuas, which is undergoing significant infrastructure enhancements and urban development, positions this industrial site at the heart of Singapore’s industrial growth.
The surrounding area is becoming increasingly attractive for businesses looking to establish or expand their presence in Singapore, contributing to the overall economic vitality of the region.
RETAIL & OFFICES SPACE FOR SALE: FORTUNE CENTRE
Fortune Centre offers prime retail and office spaces for sale, catering to diverse business needs in the bustling Bugis area.
With flexible floor plans and competitive prices, it’s an attractive investment opportunity for both retailers and companies.
View FORTUNE CENTRE Retail Shops and Offices for sale by contacting 6200 6220.
News Source: Edgeprop
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