Savills has been appointed exclusive marketing agent for 2 Business spaces.
2 Penjuru Lane, Singapore – Business 2 Warehouse with Redevelopment Possibility
A leasehold Business 2 warehouse at 2 Penjuru Lane (‘Subject Property) for sale by Expressions of Interest.
The Subject Property is located at a prominent corner plot bounded by Jalan Buloh, Tanjong Penjuru and Penjuru Lane. Nestled within the established logistic cluster and near to the Jurong Port, the area is also a hotspot for the marine, oil and gas industries. Conveniently accessible via the West Coast Highway and Ayer Rajah Expressway, the subject property is a mere 40 minutes to the Senai Airport and Tanjung Pelepas in Johor.
The Subject Property consists of a single storey warehouse with a 9-metre high ceiling and a 2-storey office annexed to it. The leasehold property sits on a land area of approximately 86,000 sq ft which according to the 2008 Master Plan is zoned Business 2 with a proposed plot ratio of 2.5.
“There is hardly any primary supply of Business 2 land in these parts of Singapore. End-users or service providers in the logistics, marine, old and gas industries will find the accessibility and proximity to the Jurong Port a true value proposition. Assuming approvals are granted, a prominent multi-storey industrial/warehouse building with a floor area of about 200,000 sq ft can be developed on site. Occupants will also enjoy clear unobstructed view of the Pandan Reservoir‘’ commented Donald Goh, director of investment sales, Savills.
The EOI closes on the 3rd April 2014 (Thursday) at 3pm.
LHK Building (7th & 8th Floor) - Freehold Business Space for Sale
2 floors of LHK Building, a freehold industrial development located at 701 Sims Drive off Sims Avenue (“Subject Property”), for sale by Private Treaty.
LHK Building is an 8-storey freehold Business-1 zoned strata titled industrial building with car park on the ground floor and additional parking at the opposite public carpark. It is served by 2 goods lifts and 1 passenger lift as well as 2 loading/unloading bays.
The 2 strata floors available have a combined strata area of about 12,852 sq ft with the second floor accessible via an internal staircase. The floor plate is efficiently designed with a rectangular configuration.
Located just 10 minutes walk from the Aljunied MRT station in the established and compact industrial cluster in East, the centrally located freehold property is just 15 minutes drive to the Central Business District via Nicoll Highway and ECP and 20 minutes drive to the airport via the PIE. There are abundant amenities available within the immediate vicinity in The Sims/Geylang area. It is also near residential neighbourhoods of Macpherson, Sims, Kallang, Aljunid and Geylang.
“End users who are looking to own their premises compared to paying rents will find this a truly value proposition due to its location and price. The unique internal links of this dual storey space makes it ideal for users looking for industrial space with office premises on top. With its functional design and specifications, the subject property will be suitable to businesses in interior design, construction and renovation, advertising, telecommunications, trade exhibitions etc.” said Donald.