Industrial development off Jalan Bukit Merah for sale from $20 mil

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/ EdgeProp
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March 6, 2019 4:19 PM SGT
10 Jalan Kilang (Credit: CBRE)
An eight-storey industrial development at 10 Jalan Kilang, off Jalan Bukit Merah, is up for sale with a guide price of $20 million to $25 million.
The development, with a roof terrace and a basement carpark, has a total gross floor area of 59,236 sq ft. It occupies a 20,584 sq ft site that is zoned for “Business 1” use with a plot ratio of 2.5. The site has a balance lease of 42 years.
The building is currently 80% tenanted to companies in the electronics, biomedical, information technology, shipping and trading sectors, says Rimon Ambarchi, executive director of industrial and logistics services at CBRE, which is marketing the property.
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The property is located near the Ayer Rajah Expressway, with a bus stop close by, while Redhill MRT Station is 19 minutes away by foot.