Industrial building at Kaki Bukit Place up for sale
By Timothy Tay
/ EdgeProp |
On September 14, appointed agent Cushman & Wakefield (C&W), announced that a five-storey terraced industrial building at 5 Kaki Bukit Place is being put up for sale via an Expression of Interest exercise. The property has a 60-year leasehold from November 1995 with 38 years remaining, and has a site area of approximately 4,795 sq ft, and existing GFA of approximately 13,100 sq ft. It is zoned ‘Business 2’ with a plot ratio of 2.5, and has a passenger lift, cargo lift, loading area, one lorry parking lot, and 4 car parking lots.
Credit: C&W
It is being sold with an existing tenancy leased to a single-user, at $22,500 (excluding GST) per month from July 2016 to June 2019, with an option to renew for another 2 years. According to C&W the property is ideal for strategic relocation and/or expansion plans upon expiry of the lease.
Located in Eunos TechPark 1, the property sits on private land and is not subject to rules imposed by JTC or HDB. It is accessible via the KPE, PIE, Bartley Viaduct, and is 500m from Kaki Bukit MRT station.
The EOI will close on October 11.
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