Pair of Business 2 factories in Tuas for sale at $25 mil

/ EdgeProp Singapore |
According to CBRE, the new owner has the option to further utilise the plot ratio by building up to the maximum built-up area of about 221,237 sq ft, more than doubling the existing floor area.
Join our  Telegram  channel and follow our  Facebook  for the latest update.
A pair of contiguous JTC factories at 2 & 4 Tuas Avenue 2 have been put up for sale with an indicative price of $25 million. CBRE is the sole marketing agent for the sale of both industrial properties. The factories will be sold through private treaty.
The factories sit on a combined plot of 158,005 sq ft which is zoned “Business 2” under the master plan. Both sites have a 30-year leasehold, with 2 Tuas Avenue 2 holding a remaining lease of 23 years, and 4 Tuas Avenue 2 holding a remaining lease of 27 years.
The properties have a total gross floor area of about 91,859 sq ft and will be sold with existing production and manufacturing facilities on the first floor and an ancillary office on the second floor. The first floor has a ceiling height of 10m–13m depending on its pitch roof design. This production area features a largely column-free floor layout with 12 overhead cranes.
Advertisement
Advertisement
The ground floor production space of the factory. (Picture: CBRE)
According to CBRE, the new owner has the option to further utilise the plot ratio by building up to the maximum built-up area of about 221,237 sq ft, more than doubling the existing floor area. Graeme Bolin, head of occupier and leasing, industrial and logistics services at CBRE Singapore, says: “[The properties are] two strong sites individually. When coupled together, they present a rare opportunity to take possession of a large industrial land area with significant untapped gross floor area and strong current building specifications and fit-out.”
He adds that this type of factory property in Tuas with remaining leases of more than 20 years is very difficult to come by in the market, including direct allocation and secondary markets.
“[The properties are] especially beneficial for owner-occupiers who require industrial sites with larger land area and covered warehouses with good ceiling height, fully equipped with cranes. The long remaining lease tenure will be even more valuable in the coming years as supply for such land-based factories diminish through the growing demand for Tuas as the key manufacturing hub in Singapore,” says Bolin.
Check out the latest listings for Industrial Real Estate properties

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More