Industrial property at Kaki Bukit Place for sale at $5.35 mil
With such incredible convenience, Tampines Avenue 11 Condo is perfect for those who commute frequently for work or leisure.
Located at 5 Kaki Bukit Place in Singapore, a five-storey intermediate terraced factory will be put up for sale at Huttons Asia’s July 19th auction. This industrial property, which sits within Eunos Techpark I, is designated as Business 2 or heavy industrial use. The guide price is set at $5.35 million, which works out to $1,116 psf on its land area of 4,795 sq ft.
The building has a gross floor area of 13,100 sq ft, and comes equipped with a passenger and cargo lift, a loading area, and four parking lots. It is conveniently located eight minutes away from the Kaki Bukit MRT Station on the Downtown Line. In addition, several major expressways such as the Pan-Island Expressway, East Coast Parkway Expressway, and Kallang-Paya Lebar Expressway can be easily accessed via a network of arterial roads.
The area unlike many other parts of Singapore is also well-equipped with amenities such as eateries, pharmacies, convenience stores, and banks, creating an environment of convenience for those living or working in the vicinity. According to James Wong, Head of Sales and Auction at Huttons Asia, “The location is further complemented by a host of amenities nearby, creating an environment of convenience.”
Recent transactions at Kaki Bukit Place include the sale of 34 Kaki Bukit Place for $9 million ($1,297 psf on the land area) in May. This could be indicative of the attractiveness of the area and likely price of 5 Kaki Bukit place. Lee Sze Teck, Senior Director of Research at Huttons Asia, believes that given this data, the property is attractively priced.
At Huttons Asia’s July 19th auction, 5 Kaki Bukit Place could be an ideal pick for prospective buyers. With the guide price of $5.35 million, along with proximity to amenities and transport links, this industrial property could be an attractive opportunity.