A prime warehouse and factory located in Gul Circle is currently available for purchase through an expression of interest, with a suggested price of $42 million. Knight Frank Singapore, the exclusive marketing agent, has announced the sale of this high-specification property.
The building is a five-storey single-occupant factory and warehouse, with a mezzanine containing four additional floors. Its total gross floor area measures approximately 245,955 sq ft. This property, situated on a 105,648 sq ft plot of land, has a remaining lease of 15 years and 11 months as of February 1. It is classified as a Business 2 site under the URA Master Plan 2019.
According to Knight Frank Singapore, the warehouse has been purposefully designed to meet the demands of modern industrial practices. Its features include high ceilings for storage and operations, cold rooms, and high floor loading capabilities suitable for various industries. The property also boasts nine 40-footer loading and unloading bays equipped with dock levelers, as well as four cargo and service elevators.
Furthermore, the property’s location is highly advantageous, with easy access to major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), and is in close proximity to the Joo Koon MRT station.
The expression of interest is open until March 18 at 3pm. Interested parties can contact Knight Frank Singapore for more details. In other related news, two more industrial sites have been put up for tender by JTC, and a two-storey industrial building near Tuas Second Link is currently on sale for $8 million.