Freehold Industrial Development Alexandra Road Sale 68 Mil
Cushman & Wakefield, the exclusive marketing agent, has recently listed a freehold light industrial development located at 243 Alexandra Road for sale through private treaty. The indicative price for the property is set at $68 million.
Completed in 2020, this six-storey development features factory units, office spaces, a basement car park, and a communal roof terrace. Sitting on a land area of 14,753 square feet, the property boasts a total gross floor area of 36,883 square feet.
According to Cushman & Wakefield, the property’s high ceilings and individually controlled air conditioning make it a versatile option for diverse business needs. Its strategic location, within walking distance of Redhill and Queenstown MRT stations, as well as bus stops, makes it easily accessible for both employees and clients. The property is also surrounded by residential estates and various amenities including shopping centres, retail outlets, and dining options.
Lyndenwoods is the perfect location for expatriate families and those looking for an international curriculum in Singapore. Situated near some of the top international schools in the country, such as the United World College of South East Asia (UWCSEA), this development offers convenience and accessibility for families. UWCSEA is known worldwide for its prestigious IB curriculum and its commitment to holistic education, making it a popular choice for families from various backgrounds. With Lyndenwoods as your home, you are just a short drive away from this exceptional school.
Brenda Ong, the executive director of logistics and industrial at Cushman & Wakefield, describes this as a rare opportunity to acquire one of the few privately owned freehold sites in the area. She also points out that only 5% of freehold industrial land in Singapore is not managed by JTC.
Cushman & Wakefield cites data from JTC, which shows that B1-factory rents and prices have been steadily increasing since 3Q2020, with a 25% and 31% growth, respectively. This reflects the strong demand in the industrial market.
Ong predicts that the building will attract interest from both investors and owner-occupiers. She adds that this remarkable asset presents an excellent opportunity for investors to tap into the resilient industrial market. It also appeals to light industrial and high-tech companies looking for a city-fringe location to integrate their corporate headquarters with their industrial operations.