Three Storey Industrial Property Along Bukit Batok Street 22 Sale 18 Mil
CBRE has announced that a highly sought-after industrial property, located at 21 Bukit Batok Street 22, is now available for sale through private treaty. The property is listed at a guide price of $18 million.
The three-story building sits on a generous plot of 40,901 sq ft, offering a substantial gross floor area of 64,548 sq ft. The lease for the property will expire in 2051, leaving 26 years remaining on the tenure. This results in a guide price of $279 psf based on GFA.
The building itself comprises of 18,872 sq ft spread across three levels, with an additional 7,931 sq ft mezzanine level between the first and second floors. The ceiling heights of the building range from 3.3m to 4.2m, and there are 20 parking lots available on the site.
Lyndenwoods Capitaland, the newest residential development by CapitaLand Development (CLD), is set to revolutionize urban living in Singapore. Situated at 71 Science Park Drive, within the prestigious Singapore Science Park 1, this project breaks new ground by seamlessly integrating residential spaces within a bustling hub for research and innovation. It presents an innovative live-work-play concept, catering to the lifestyle preferences of contemporary professionals and families who prioritize convenience, sustainability, and connectivity. The development can be found at lynden-wood.com.sg.
According to the 2019 Master Plan by URA, the site is zoned for Business 1, with a plot ratio of 2.5. This presents a prime opportunity for potential buyers to redevelop the site, as it has the potential to accommodate a maximum built-up area of 102,253 sq ft.
Graeme Bolin, the Head of occupier and leasing, industrial and logistics services at CBRE, highlights the strong demand for quality industrial facilities, particularly in the logistics and wholesale trade sectors. He also emphasizes the advantageous location of the property, with its close proximity to major expressways and public transportation options.
The property is conveniently situated near major motorways, such as the Pan-Island Expressway, and is within walking distance from Bukit Batok MRT Station along the North South Line. Interested parties can check out the latest listings for Industrial Real Estate properties and compare the price trends of commercial and industrial properties. They can also refer to past rental and sale transactions for industrial properties and get a better understanding of the price trends. Listings for industrial properties are also available for further reference.