Industrial property at Kaki Bukit Place for sale at $5.35 mil
he five-storey factory has a land area of 4,795 sq ft designated for Business 2 use (Picture: Huttons Asia)
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SINGAPORE (EDGEPROP) - An industrial property at 5 Kaki Bukit Place will be put up for sale at Huttons Asia’s auction on July 19. The property has a guide price of $5.35 million, which works out to $1,116 psf on its land area of 4,795 sq ft.
The five-storey intermediate terraced factory sits within Eunos Techpark I, occupying land designated for Business 2 or heavy industrial use. The land has a gross plot ratio of 2.5 and a remaining lease of 32 years on its 60-year tenure.
Map of 5 Kaki Bukit Place (Source: EdgeProp LandLens)
The property has a gross flor area of 13,100 sq ft. It comes equipped with facilities including a passenger and cargo lift, a loading area and four parking lots.
5 Kaki Bukit Place is an eight-minute walk to the Kaki Bukit MRT Station on the Downtown Line. It is also accessible to major expressways such as the Pan-Island Expressway, East Coast Parkway Expressway and Kallang-Paya Lebar Expressway via a network of arterial roads.
“The location is further complemented by a host of amenities nearby, including eateries, pharmacies, convenience stores and banks, creating an environment of convenience,” says James Wong, head of sales and auction at Huttons Asia.
Lee Sze Teck, Huttons Asia’s senior director of research, believes the property is attractively priced, given recent transactions at Kaki Bukit Place which included the sale of 34 Kaki Bukit Place for $9 million ($1,297 psf on the land area) in May.
Recent resale transactions at 5 Kaki Bukit Place (Source: EdgeProp Research)
Check out the latest listings near Kaki Bukit Place, Kaki Bukit MRT Station
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