Freehold industrial building in MacPherson for sale at $15.9 mil

By
/ EdgeProp
|
February 18, 2019 4:49 PM SGT
A freehold industrial building, at 14 Genting Road in MacPherson, is up for sale at $15.9 million ($938.44 psf per plot ratio).
The five-storey industrial building occupies a site of 5,758 sq ft, with a gross floor area of around 16,943 sq ft. It houses production areas on levels one to three, and secondary workers’ dormitories on levels four and five.
Under URA’s 2014 Master Plan, the site is zoned under “Industrial (B1)”, for clean and light industrial usage. It has a gross plot ratio of 2.5.
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The site is currently approved for use as a secondary workers’ dormitory, and may also be used by end-users from clean and light industries requiring production, storage, or ancillary office spaces, according to Knight Frank Singapore, which is marketing the property.
14 Genting Road is close to mature industrial estates such as Aljunied, Kallang, Tai Seng, Kim Chuan and Ubi, highlights Knight Frank.
The tender for the property will close on March 13, at 3pm.