Two Industrial Properties In Tagore and Bukit Merah For Sale
2 commercial buildings are up for sale in Tagore and also Bukit Merah, according to Colliers International, which is marketing the properties.
The home at 12 Tagore Drive is being marketed at an overview price of $55 million ($573 psf). It is a four-storey freehold stockroom on a 57,641 sq ft plot.
Under URA’s Plan of attack 2019, it is zoned under “Service 1” with a story ratio of 2.0, as well as has an optimum allowed GFA of 115,281 sq ft.
The property is linked to major arterial roads as well as expressways including Upper Thomson Roadway, Yio Chu Kang Road, Seletar Expressway, Tampines Expressway and Central Expressway (CTE). It will certainly be a six-minute drive to the upcoming Lentor MRT Terminal on the Thomson-East Coast line.
On the other hand, a set of strata commercial devices at 205 Henderson Roadway, within Bukit Merah, is up for sale at $7.98 million ($730 psf).
Both property devices are located in the Henderson Industrial Park, and also occupy a total strata location of 10,926 sq ft. Both devices are presently uninhabited.
The home is attached to significant arterial roads as well as expressways, including Jalan Bukit Merah, Henderson Roadway, Ayer Rajah Expressway and CTE, as well as is a short 11-minute repel from the CBD.
“Colliers International study anticipates the industrial supply to lessen in the following five years. Industrial assets regulate higher yields than office as well as retails properties and also continue to be one of the most shielded contrasted to various other possession classes in this pandemic,” states Steven Tan, senior supervisor of funding markets & investment solutions at Colliers International.
The expression of the rate of interest workout for both buildings will close at 3 pm on Aug 4.
OLA EC has been reopened its official Showflat. For more information about, contact the developer sales team.