Gul Circle factory for sale at $18 mil
The factory at 151 Gul Circle for sale at $18 million. (Photo: CBRE)
Ask Buddy
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.
“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.
Check out the latest listings for Gul Circle properties
Ask Buddy
Follow Us
Property updates, 24/7.
Subscribe to Newsletter
Market insights, delivered weekly.
Top Articles
Search