Industrial building at Hoy Fatt Road in Alexandra area for sale at $35 mil

The six-storey B1 industrial building at 12 Hoy Fatt Road is up for sale with a guide price of $35 million, or $620 psf. (Photo: Huttons Asia)
The six-storey B1 industrial building at 12 Hoy Fatt Road is up for sale with a guide price of $35 million, or $620 psf. (Photo: Huttons Asia)
A six-storey B1 industrial building at 12 Hoy Fatt Road, known as Bryton House, is up for sale via an expression of interest (EOI) exercise with a guide price of $35 million. Huttons Asia is the marketing agent for the property.
The building sits on a land area of approximately 20,230 sq ft, with around 30 years left on its 99-year lease, which commenced in 1958. There is no land rent payable on the site. Based on its gross floor area of 56,445 sq ft, the guide price works out to $620 psf.
According to URA caveats, the property last changed hands in May 2013 for $27 million.
Currently, the building is fully tenanted by a diverse mix of businesses. Mulberry Learning Centre, a preschool and infant care operator, occupies the second floor, while the third floor serves as a furniture gallery. Levels 4 to 6 house production and office spaces, as well as self-storage facilities. The ground floor functions as a car park.
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Aric Lim, group district director at Huttons Asia, says there is the possibility of the furniture gallery and the fifth-floor office being vacated and converted into additional self-storage space — potentially increasing the asset's overall rental yield.
Lim adds that the self-storage segment is experiencing robust demand, driven by Singapore’s limited residential storage space and the growth of home-based businesses and e-commerce activity.
Located within the Alexandra and Leng Kee business precinct, the property is a ten-minute walk from Redhill MRT Station on the East-West Line.
“The subject property is priced very competitively against recent listings and transactions in the Alexandra/Leng Kee area,” says Lee Sze Teck, senior director of data analytics at Huttons Asia.
The EOI exercise will end on July 15, at 4pm.
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