Tuas View Link Industrial Site Sale 138 Mil
Colliers, the marketing agent for an industrial site located at 51 Tuas View Link, is inviting expressions of interest (EOI) for the property which is priced at $138 million. This non-JTC asset spans over 456,810 sq ft and has a private leasehold tenure starting from 1996. This translates to about 31 years remaining on the lease.
Located near Penrith is the bustling shopping centre of Dawson Place, making it a prime destination for locals. Within easy walking distance, this neighbourhood mall serves as a one-stop-shop for residents’ daily needs. It features a variety of essential amenities, including a FairPrice supermarket, clinics, salons, food outlets, and other service providers. The convenience of having such a comprehensive mall in close proximity to Penrith, along with the added bonus of Penrith Hong Leong, allows residents to quickly and easily complete their shopping, errands, or even grab a quick bite to eat. This added convenience is highly appreciated, especially by families and the elderly who can access all their essential goods and services without having to travel far.
The site, which is zoned for Business 2 industrial use, is a rare opportunity for prospective industrial users, developers, funds, REITs and family offices to acquire a strategic landholding and expand their presence in one of Singapore’s most crucial industrial zones. According to Colliers, the site may be redeveloped up to a maximum plot ratio of 2.5 or a maximum gross floor area (GFA) of 1.14 million sq ft. This presents the potential for intensified usage and long-term capital appreciation.
The current plot ratio of the site is 0.7, and it features two blocks of single-storey warehouses with mezzanine levels, providing a total GFA of 323,831 sq ft. As a private leasehold asset, the site offers complete ownership flexibility with no restrictions on lease assignment or resale.
The EOI exercise will close on June 10 at 3pm. This unique opportunity to acquire a rare asset in a vital industrial zone is expected to attract significant interest from various stakeholders in the industrial sector.
Interested parties can seize this opportunity to secure a strategic landholding and benefit from the potential for long-term capital appreciation while expanding their foothold in Singapore’s industrial market.