The expression of interest exercise for Singapore Handicrafts Building will close on Aug 25 at 12 noon (Picture: JLL Singapore)
SINGAPORE (EDGEPROP) - Singapore Handicrafts Building, located at 72 Eunos Avenue 7, is up for sale via an expression of interest exercise with an indicative price of around $15 million, according to exclusive marketing agent JLL Singapore.
Read also: Post-pandemic, Singapore offices likely to face pressure to de-densify: JLL
The property comprises a six-storey light industrial factory with an ancillary showroom on the ground floor, while the upper floors house an ancillary office and warehousing and production spaces. It has a total gross floor area of approximately 67,977 sq ft.
The property sits on a 27,191 sq ft site which has a remaining tenure of about 19 years. It is zoned as a Reserve Site under the URA Master Plan 2019. According to JLL Singapore, the land premium for the site has been paid upfront.
The property is located in close proximity to the Aljunied and Eunos residential areas, and is within walking distance to two MRT stations - Eunos (on the East-West Line) and Paya Lebar (interchange for the East-West and Circle Lines). The site is also accessible via major roads and expressways such as the Pan-Island Expressway and Kallang-Paya Lebar Expressway.
Pamela Siow, head of logistics and industrial capital markets at JLL Singapore, says the property will suit end-users who require a standalone building for their operations with an ancillary showroom on the ground floor.
The expression of interest exercise will close on Aug 25 at 12 noon.
Check out the latest listings near Singapore Handicrafts Building, Eunos MRT station, Paya Lebar MRT station