Nine ground-floor strata units at Pantech Business Hub for sale at $650 psf

By Valerie Kor / EdgeProp Singapore | September 9, 2020 3:14 PM SGT
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SINGAPORE (EDGEPROP) - Nine units at Pantech Business Hub are on sale for an indicative price of $650 psf on the strata area. The smallest unit is 1,259 sq ft and the largest is 3,488 sq ft. The ground-floor units, totalling 17,825 sq ft, are to be sold individually or collectively. The units are exclusively marketed by CBRE.
Pantech Business Hub is an industrial development comprising three seven-storey blocks located at 192 Pandan Loop. The 99-year leasehold development has 63 years left on its tenure.
They can be used for food-related activities as Pantec Business Hub sits within the 100m buffer zone of Pandan Food Zone. Each unit is near to the loading and unloading bay and has a ceiling height of 5.4 meters. All the units are currently tenanted.
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Graeme Bolin, senior director of industrial and logistics at CBRE, says, “Industrial and logistics properties, especially warehouses or last-mile assets, have witnessed increased interest recently due to the acceleration in e-commerce during the pandemic. It’s a timely opportunity for owner-occupiers or investors to acquire a portfolio of ground-floor industrial units.”
Pantec Business Hub is connected via Ayer Rajah Expressway and West Coast Highway. It is also in proximity to Pasir Panjang Terminal and the future Greater Southern Waterfront.
“The successful buyer can expect to enjoy potential capital and rental upsides due to the positive spill-over of activities from Greater Southern Waterfront. The surrounding mature residential estates including Clementi and Jurong East also provide a ready pool of labour supply,” says Clemence Lee, senior director of capital markets at CBRE.
The property is on a site that is zoned as Industrial “Business 2” under the Master Plan 2019. Foreigners are eligible to buy. There will be no Additional Buyer’s Stamp Duty.
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The expression of interest exercises closes on Oct 21, 3pm.
Check out the latest listings near: Clementi, Pantech Business Hub
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