princess_morbucks
05-02-14, 14:30
http://www.businesstimes.com.sg/breaking-news/singapore/long-lease-industrial-site-tuas-south-sale-s89m-20140205
A LONG lease industrial site in Tuas South has been launched for sale by Expression of Interest for S$8.9 million, said its exclusive marketing agent, Jones Lang LaSalle.
The asset, located at 17 Tuas South Street 5, consists of a two-storey building with production, storage and a mezzanine office. It has a gross floor area (GFA) of approximately 39,795 sq ft, and sits on a 34,189 sq ft site with a remaining tenure of about 45 years. The property sits in the Business 2 zone and has a plot ratio of 1.4.
Situated in Tuas Industrial Estate, the site is accessible via the Ayer Rajah Expressway and Pan Island Expressway. Accessibility will be enhanced with a viaduct connecting Pioneer Road to Tuas South, which is expected to be completed in 2016.
Nicholas Ng, local director of Investments at Jones Lang LaSalle, said: "The factory comes with dual frontages and would be a good fit for logistics and heavy industrialists such as marine and offshore engineering which would like to establish a base in Tuas. Supporting businesses that set up in Tuas South will benefit from the long-term consolidation of port activities in Tuas and upcoming BioMed One and Lube Park."
A LONG lease industrial site in Tuas South has been launched for sale by Expression of Interest for S$8.9 million, said its exclusive marketing agent, Jones Lang LaSalle.
The asset, located at 17 Tuas South Street 5, consists of a two-storey building with production, storage and a mezzanine office. It has a gross floor area (GFA) of approximately 39,795 sq ft, and sits on a 34,189 sq ft site with a remaining tenure of about 45 years. The property sits in the Business 2 zone and has a plot ratio of 1.4.
Situated in Tuas Industrial Estate, the site is accessible via the Ayer Rajah Expressway and Pan Island Expressway. Accessibility will be enhanced with a viaduct connecting Pioneer Road to Tuas South, which is expected to be completed in 2016.
Nicholas Ng, local director of Investments at Jones Lang LaSalle, said: "The factory comes with dual frontages and would be a good fit for logistics and heavy industrialists such as marine and offshore engineering which would like to establish a base in Tuas. Supporting businesses that set up in Tuas South will benefit from the long-term consolidation of port activities in Tuas and upcoming BioMed One and Lube Park."