An eight-storey industrial development at 10 Jalan Kilang, off Jalan Bukit Merah, is up for sale with a guide price of $20 million to $25 million.

The development, with a roof terrace and a basement carpark, has a total gross floor area of 59,236 sq ft. It occupies a 20,584 sq ft site that is zoned for “Business 1” use with a plot ratio of 2.5. The site has a balance lease of 42 years.

The building is currently 80% tenanted to companies in the electronics, biomedical, information technology, shipping and trading sectors, says Rimon Ambarchi, executive director of industrial and logistics services at CBRE, which is marketing the property.

The property is located near the Ayer Rajah Expressway, with a bus stop close by, while Redhill MRT Station is 19 minutes away by foot.