Freehold B1 redevelopment site near Aljunied MRT for sale at $11 mil

By Tan Chee Yuen / Cushman & Wakefield | October 6, 2016 11:24 AM SGT
Freehold sites at Nos 81, 83 and 85 Aljunied Road have been launched for sale by expression of interest. The asking price for the three properties is said to be $11 million, or $760 psf per plot ratio.
Three adjoining residential terrace houses are currently sitting on the sites, which have a total land area of 6,047 sq ft. Under the 2014 Master Plan, the property is zoned for Business 1 use with a plot ratio of 2.5. The freehold plots can be redeveloped into a seven-storey light industrial building with a maximum gross floor area of up to 15,118 sq ft, subject to approval from the authorities.
The property is sited on Aljunied Road, off Sims Avenue. It is located in the light industrial cluster of Sims Drive/Sims Avenue and surrounded by modern industrial buildings such as Atrix@Aljunied, Victory Centre, Agrow Building and One Sims Lane. The property is about 100m from Aljunied MRT station.
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Cushman and Wakefield is the exclusive marketing agent for the property. The EOI closes on Oct 26.
Three adjoining residential terrace houses are currently sitting on the sites

Souce: Cushman and Wakefield