The industrial site located at 51 Tuas View Link is now on the market with a guide price of $138 million, offering a substantial area of 456,810 square feet zoned for Business 2 industrial use. This property includes two blocks of single-storey warehouses featuring mezzanine levels, which contribute to a total gross floor area (GFA) of 323,831 square feet.
The site presents an intriguing opportunity for potential redevelopment, with a maximum plot ratio of 2.5, allowing for a GFA of up to 1.14 million square feet. Such flexibility in development could attract various stakeholders interested in optimizing the use of the land.
The asset is classified as a non-JTC private leasehold property, which adds to its appeal due to the full ownership flexibility it offers. With approximately 31 years remaining on its lease, buyers can take advantage of the absence of lease assignment or resale restrictions, making it easier for new owners to manage the property according to their strategic goals.
This lack of encumbrances allows for greater maneuverability in terms of investment and development plans, thereby enhancing its attractiveness to a range of potential buyers.
Colliers is managing the marketing efforts for this property, emphasizing its potential for long-term capital appreciation through redevelopment. The site is strategically located in one of Singapore’s essential industrial zones, which further enhances its desirability.
Given its positioning, it is well-suited for a diverse array of stakeholders, including industrial users, developers, funds, REITs, and family offices. The site’s location not only makes it accessible for industrial operations but also positions it as a valuable asset that can accommodate various business needs.
Expressions of interest for the property are being accepted until June 10 at 3 p.m., providing interested parties a finite window to engage with this opportunity. The competitive nature of the industrial real estate market in Singapore suggests that this site is likely to attract significant attention.
The guide price of $138 million reflects the strategic value of the land and its redevelopment potential, making it a noteworthy option for investors looking to capitalize on Singapore’s robust industrial sector.
As the demand for industrial space continues to grow in Singapore, properties like the one at Tuas View Link are increasingly seen as valuable investments. The site’s combination of existing infrastructure and redevelopment potential ensures that it remains an attractive proposition for those looking to invest in the industrial landscape.
With the deadline for expressions of interest approaching, it will be interesting to see how the market responds to this opportunity at 51 Tuas View Link, as it holds promise for both immediate use and future development.
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News Source: Edgeprop
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