Channelnewsasia.com | Posted: 19 March 2013 2043 hrs
SINGAPORE : An industrial property at Enterprise Road in Jurong has been put for sale by tender.
The asset consists of a large single-storey factory - comprising warehouses, production and office areas.
Exclusive agent for the deal Jones Lang LaSalle said the site has a built-up area of about 62,500 square feet.
It is located on a leasehold site of 109,164 square feet with a remaining term of 25 years.
Meanwhile, the site has a "Business 2" zoning and a plot ratio of 2.5
The development is located near Boon Lay and Joo Koon MRT stations.
Local Director of Investments at Jones Lang LaSalle, Nicholas Ng, said it expects strong response for the site, thanks to "increasing demand from industrialists and limited supply of large industrial land for sale in the Enterprise Road area".
He added that the capacity of the asset to be refurbished and potentially boost the gross floor area to maximise the plot ratio will make it attractive to small and medium enterprises or corporates who are seeking to "expand their business or their headquarters in an area where there is excellent accessibility and infrastructure, with good access to the workforce from the surrounding housing estates".
The tender will close at 3pm on 30 April 2013.
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