Industrial building in Tuas on the market for $6.8 mil

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50 Gul Crescent, located in the Tuas industrial estate close to the Ayer Rajah Expressway, the Pan Island Expressway, and the Singapore-Malaysia Second Link Bridge, is on offer for sale by public tender. This single storey factory, with a guide price of $6.8 million, comes with a mezzanine level and two-storey rear extension, and spans a total land area of 41,779 sq ft, zoned for Business 2 (Industrial). The factory will be sold with vacant possession, giving the buyer or end-user the flexibility to commence operations right away.

The property, with a gross floor area of 27,771 sq ft, features an air-conditioned ancillary office space and a workshop and production floor area on the ground floor. The second floor also has air-conditioned office space, along with a research and development area. The site also comes with a fresh 30-year lease commencing October 1, 2021.

Situated just a six-minute walk away from the Gul Circle MRT station, 50 Gul Crescent offers an attractive opportunity for a wide pool of prospective buyers. Sammi Lim, founder and executive director of Brilliance Capital which is the sole marketing agent for the property, says: “The factory offers a rare opportunity to acquire a fully functional and strategically located industrial facility in one of Singapore’s most sought-after industrial areas.”

The tender for the property will close on April 19 at 3pm. The most recent industrial property transaction along Gul Crescent was the sale of a 132,149 sq ft site for $5.5 million in May 2019 (Source: EdgeProp Research).

Check out the latest listings near Gul Circle MRT Station!

Looking to acquire strategic industrial property within an established industrial estate in Singapore? 50 Gul Crescent, located in the Tuas industrial estate close to the Ayer Rajah Expressway, Pan Island Expressway, and the Singapore-Malaysia Second Link Bridge, may be worth considering.

This single storey factory, offered with a guide price of $6.8 million, comprises a mezzanine level and two-storey rear extension, spanning a total land area of 41,779 sq ft zoned for Business 2 (Industrial). The factory will be sold with vacant possession, giving the buyer or end-user the flexibility to commence operations immediately.

The property has a gross floor area of 27,771 sq ft and is equipped with air-conditioned ancillary office space and a workshop and production floor area on the ground floor. The second floor also has air-conditioned office space, along with a research and development area. It also comes with a fresh 30-year lease commencing October 1, 2021.

Sammi Lim, founder and executive director of Brilliance Capital which is the sole marketing agent for the property, remarks that it offers an attractive opportunity for a wide pool of prospective buyers. “The factory offers a rare opportunity to acquire a fully functional and strategically located industrial Champions Way Condo facility in one of Singapore’s most sought-after industrial areas,” she says.

The tender for 50 Gul Crescent will close on April 19 at 3pm. The most recent industrial property transaction along Gul Crescent was the sale of a 132,149 sq ft site for $5.5 million in May 2019 (Source: EdgeProp Research).

So, if you’re looking to buy strategic industrial property in a sought-after area, 50 Gul Crescent could well be the perfect fit. The property is conveniently located close to Gul Circle MRTo Station as well, so don’t forget to check out the latest listings near Gul Circle MRT Station!