Industrial building at Kung Chong Road up for sale at $19 mil

By Atiqah Mokhtar / EdgeProp Singapore | April 5, 2022 6:29 PM SGT
The property is a light industrial-cum-office building (Photo: JLL)
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - A B1 industrial property at 6 Kung Chong Road, near Alexandra Road, is up for sale via an expression of interest exercise, with a guide price of $19 million.
Map and overview of 6 Kung Chong Road - EDGEPROP SINGAPORE
Map and overview of 6 Kung Chong Road (Source: EdgeProp Inspector)
The property is a light industrial-cum-office building. Part of the building comprises three storeys, while the remainder spans four storeys. There is also a single-storey car service workshop on the ground floor.
The building sits on a total site area of approximately 15,996 sq ft. It has a gross area of approximately 15,642 sq ft, with the potential to increase to approximately 40,000 sq ft with a plot ratio of 2.5.
ADVERTISEMENT
The property sits on JTC land which has a leasehold tenure of 99 years effective Dec 14,1956, with a remaining lease of about 33 years. According to JLL, which is marketing the property, no land rent is payable.
The property is located in the Leng Kee car showroom belt, alongside showrooms for Audi, BMW, Ferrari and Jaguar, among others. Ikea Alexandra and Queensway Shopping Centre are within five-minute driving distance. The Redhill and Queenstown MRT stations on the East-West Line are within a three-minute drive, or a 15-minute walk, away.
The expression of interest exercise will close on May 18.
Recent transactions - EDGEPROP SINGAPORE
Recent transactions of properties within a 1km radius of Kung Chong Road (Source: EdgeProp Research tool)
Check out the latest listings near Kung Chong Road, Queenstown MRT station, Redhill MRT station
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter
Search Articles
Follow Us On
Our Sites
Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.
Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s the most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.
Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.
Web Version 4.6.27
Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.
On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.