Pair of Business 2 factories in Tuas for sale at $25 mil

The factories remain on a consolidated plot of 158,005 sq ft that is zoned “Business 2” under the master plan. Both locations have a 30-year leasehold, with 2 Tuas Avenue 2 keeping a standing lease of 23 years, and 4 Avenue Ave 2 holding up a standing lease of 27 years.

The properties have an entire gross floor surface part of around 91,859 sq ft and are going to be marketed with occurring production and manufacturing establishments on the 1st floor and an ancillary office on the 2nd floor. The very first floor has a ceiling elevation of 10m– 13m depending on its pitch roofing style. This manufacturing place includes a largely column-free floor layout with 12 overhead cranes.

He adds that this sort of factory property in Tuas with remaining rental of greater than two decades is extremely challenging to come by in the marketplace, consisting of straight allocation and second markets.

A pair of contiguous JTC factories at 2 & 4 Tuas Avenue 2 have actually been offered with an indicative rate of $25 million. CBRE is the sole marketing representative for the revenue of both industrialized properties. The factories will certainly be offered with confidential negotiation.

” [The real estates are] especially valuable for owner-occupiers that call for commercial locations with larger land area and also covered warehouses with good roof elevation, fully furnished with cranes. The long remaining lease contract tenure will certainly be much more important in the coming years as supply for such land-based factories lessen through the growing need for Tuas as the essential manufacturing hub in Singapore,” says Bolin.

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According to CBRE, the brand-new proprietor has the alternative to further use the plot ratio by building up to the highest built-up area of regarding 221,237 sq ft, greater than increasing the existing flooring area. Graeme Bolin, head of occupier and leasing, industrial and logistics solutions at CBRE Singapore, claims:” [The properties are] two strong locations separately. When coupled collectively, they present an unusual opportunity to seize a big industrial acreage with substantial untapped gross floor location and strong present building specifications including fit-out.”


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