More than 20,000 sq ft Freehold Industrial Space on a Single Floor Plate.
Savills Singapore, as exclusive marketing agent, is pleased to announce for sale by Expressions of Interest, the 8th floor of an industrial development known as One Sims Lane (‘Subject Property’).
One Sims Lane, located along Lorong 23 Geylang, off Sims Avenue, is an 8-storey freehold Business-1 zoned industrial building completed circa year 2000.
The Subject Property is a rare full floor with a strata floor area of about 26,242 sq ft including 5 accessory lots. The floor plate is efficiently designed with a rectangular configuration comprising of units on both sides of a corridor to facilitate transfer of goods to the goods and passenger lifts. The building is served by 3 passenger lifts, 2 goods lift accompanied by 2 loading/unloading bays, and ample car parking on the ground and second floors.
“This is perhaps the only freehold industrial floor in a central location with a generous floor plate of this size in the market right now. With its functional design and excellent specifications, the Subject Property will attract not only business activities related to research and development, IT, call centres, but also new potential occupiers in e-commerce, co-working, incubators, last mile logistics etc.” shared Donald Goh, director of Investment Sales at Savills Singapore.
The Subject Property is a 5 minutes’ walk from the Aljunied MRT station on the East West Line, just one stop to the Paya Lebar Interchange Station where Paya Lebar Central is located. Paya Lebar Central, where Singpost, Paya Lebar Square and the future Paya Lebar Quarter are located, is being developed into an integrated and bustling commercial hub. The Central Business District is a mere 10 minutes’ drive away and Changi Airport, a short 15 minutes’ drive.
There are abundant amenities available within the immediate vicinity in The Sims/Geylang area. There is also a big catchment of labour from the neighbouring residential housing districts of Macpherson, Sims, Kallang, Aljunied and Geylang. Neighbouring developments include Atrix, Victory Centre, Gemini @ Sims, Arcsphere amongst others.
“The industrial investment market remains active in the light of several recent deals. Most notably is Citimec Industrial Complex which has set a new pricing benchmark for freehold industrial land. This is a good indication that property developers and investors are still actively looking at industrial properties as an investible asset class”, Donald added.
The EOI closes on the 9th November 2017 Thursday at 3pm.