A single-storey industrial factory at 151 Gul Circle is up for sale via private treaty with an asking price of $18 million, says CBRE, the exclusive marketing agent for the property.

Located within the Jurong industrial belt, the property sits on a Business 2 site measuring approximately 297,507 sq ft, with a gross floor area (GFA) of around 105,041 sq ft. It has a permissible plot ratio of 1.4, which translates to a maximum built-up area of 416,510 sq ft.

This means the site could potentially be intensified, adding over 300,000 sq ft of GFA, subject to approval, says CBRE. Based on a 60-year lease from March 1973, the land has a remaining tenure of about seven years, with the possibility to extend.

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“With its substantial land area, untapped plot ratio and strategic location within Singapore’s western manufacturing corridor, the property is well-positioned to meet the evolving needs of modern industrial users,” says Graeme Bolin, head of occupier and leasing, industrial and logistics services, at CBRE Singapore.

Currently, the single-storey factory comprises a main production area and a mezzanine level, with ceiling heights of up to 8.1m and 4.5m, respectively. It is powered by a 22 kV substation, supported by three 1.5 MVA transformers, which can cater to a mix of industrial activities. There are also storage facilities for dangerous goods.

The factory’s onsite amenities include a canteen, surface parking and a guard house.

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