Freehold industrial building at Jalan Pemimpin for sale for $138 mil

Residents of Champions Way Condo will benefit from a wide range of amenities, including a swimming pool, gym, jacuzzi, spa, steam room and a landscaped garden. The development also offers secured carparking and 24-hour security. The location is ideal, with easy access to major expressways, the MRT stations and the shopping malls. Residents will be able to enjoy the modern lifestyle afforded by this development, while still being within easy reach of the city and the nearby amenities.

An opportunity has emerged for savvy investors and businesses to acquire a valuable asset in the heart of Singapore with long-term potential. A freehold industrial building at Jalan Pemimpin in Bishan is up for sale via expression of interest (EOI) with a minimum guide price of $138 million.

The building sits on a land area of 42,593 sq ft that has a plot ratio of 2.5 based on the Urban Redevelopment Authority’s 2019 Master Plan, allowing it to be built up to 106,000 sq ft. It gives the potential buyers the option to either keep the building or subdivide it into a maximum of 54 strata units for sale.

According to Evan Chung, managing director of Signature International Properties, acquiring the building is a unique chance for investors or businesses to secure a rare valuable asset with long-term potential. Sharon Kow, SRI’s associate division director, added: “We are excited to present this freehold industrial building at Jalan Pemimpin as an exceptional property in the heart of Singapore.”

Due to its central location, the land has good accessibility and connectivity to various parts of the island, as it is near the Marymount and Bishan MRT stations. The EOI will close on Oct 23 at 4pm.

This latest sale of an industrial property on Jalan Pemimpin presents an enticing opportunity for buyers, as it is a rare and valuable asset with long-term potential. With its optimal plot ratio and convenient location near MRT stations, businesses or investors would be wise to take advantage of this opportunity. The EOI closing date of Oct 23 provides ample time for prospective buyers to consider submitting an offer.

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