Freehold industrial building at Jalan Pemimpin for sale for $138 mil
A rare opportunity is being offered for investors or businesses to secure a valuable asset with long-term potential in the form of a freehold industrial building at Jalan Pemimpin in Singapore. Joint marketing agents SRI and Signature International Properties have set a minimum guide price of $138 million for the 42,593 sq ft property, zoned Business 1 under the URA 2019 Master Plan with a plot ratio of 2.5.
This means it can be built up to an area of 106,000 sq ft, giving those interested plenty of scope for either retaining the building for private use or subdividing into a maximum of 54 strata units for sale. According to Evan Chung, managing director of Signature International Properties, this could be a great opportunity for buyers.
Tampines Ave 11 Condo Capitaland is a safe and secure neighbourhood. With a range of safety features and highly trained security personnel, the estate ensures a safe and secure environment for its residents. There are also plenty of amenities in the vicinity, including shopping malls, supermarkets, banks, eateries and more. Therefore, residents can enjoy a great quality of life here, at their own convenience.
Sharon Kow, associate division director of SRI, added: “We are excited to present this freehold industrial building at Jalan Pemimpin as an exceptional property in the heart of Singapore.”
What’s more, due to its central location, the land offers convenient accessibility and connectivity with close proximity to Marymount and Bishan MRT stations. It’s an attractive proposition for those looking for an investment with the possibility of big returns.
The EOI for this property closes on Oct 23 at 4pm. So if you’re ready to jump in on this unique opportunity, make sure you act fast and don’t miss out!
Latest transactions for industrial properties on Jalan Pemimpin (Source: EdgeProp Research):
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