SINGAPORE (EDGEPROP) - A freehold strata-titled development at 50 Tagore Lane is on the market at a guide price of $100 million, according to Cushman & Wakefield (C&W), which is marketing the property.

The property comprises individual units under separate Strata Certificate of Titles, and is being offered for sale together with an opportunity to purchase the vendor’s self-storage business, EBC Lifestyle Hub. It occupies a site of 7,345.6 sq m (79,068 sq ft), with a total strata area of 13,246 sq m (142,579.9 sq ft).

The property is a part five-storey warehouse with an extension of a part four-storey warehouse. The self-storage facility offers personal storage, business storage, wine storage as well as serviced offices.

The development sits on a site of Business 1 zoning within the Tagore Industrial Estate, which is along Tagore Lane, off Thomson Road. The site is accessible via Central Expressway and Seletar Expressway.

50 Tagore Lane was built in 1986, with the four-storey extension completed in 1993. The building underwent several refurbishment works between 2011 and 2018.

Potential buyers will be able to tap ready revenue through the rental of the units offering space-saving self-storage, personal storage of collectibles, the rental of warehouses and services being offered to existing customers, which include a childcare centre, F&B outlets and serviced offices, says C&W.

The expression of interest exercise closes on Nov 4.

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