The Privilege Motors factory building, a significant asset in the automotive manufacturing sector, is now available for sale. This freehold property, strategically located along Tagore Lane, is listed at a price of $23.8 million. The building encompasses a substantial land area and offers a range of possibilities for potential buyers, including automotive firms, manufacturers, or investors looking to capitalize on Singapore's robust industrial landscape.
Constructed to meet modern industrial standards, the facility features advanced infrastructure and ample space for manufacturing operations. It includes high ceilings, large loading bays, and well-structured office areas, all designed to facilitate efficient workflows. The layout has been optimized for automotive production, allowing for both assembly and storage operations. Such a configuration is ideal for companies aiming to maintain high productivity levels while ensuring compliance with industry regulations.
The factory's location on Tagore Lane is particularly advantageous, given its proximity to major transportation networks. This access enables easy movement of goods and materials, an essential factor for businesses in the manufacturing sector. The site is also close to major expressways, making it convenient for logistics and distribution. For companies that rely on the swift transit of products, this location presents a significant logistical advantage.
In addition to its operational benefits, the Privilege Motors factory building is situated in a vibrant industrial neighborhood that is home to a diverse array of businesses. This creates a synergistic environment where companies can benefit from proximity to suppliers, clients, and potential partners. The area is recognized for its strong industrial ecosystem, which can be beneficial for networking and collaboration opportunities.
The sale of the Privilege Motors factory also represents an attractive investment opportunity. The freehold status of the property is particularly appealing in Singapore's real estate market, where freehold industrial properties are becoming increasingly rare. This rarity can drive demand and potentially increase the value of the property over time. Investors looking for stable assets in a dynamic market may find this property a compelling option.
Furthermore, the factory building is equipped with essential utilities and services, including electricity, water supply, and telecommunications infrastructure, which are vital for operational continuity. These features minimize the need for extensive renovations or upgrades, allowing new owners to commence operations with minimal delay.
As the automotive industry evolves, with a growing focus on sustainability and innovation, the Privilege Motors factory building stands poised to adapt to these changes. The facility can be reconfigured to accommodate new technologies and processes, making it a forward-looking investment. Prospective buyers will appreciate the potential to modernize and expand operations in alignment with market trends.
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News Source: Edgeprop
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