Three-storey building in Toa Payoh up for sale

By
/ EdgeProp Singapore
|
November 4, 2019 6:45 PM SGT
Three-storey building in Toa Payoh up for sale
SINGAPORE (EDGEPROP) - A three-storey motor vehicle showroom and workshop in Toa Payoh is up for sale via expression of interest (EOI). This is sold with vacant possession and subject to goods and service tax. Savills Singapore is the marketing agent.
The three-storey property is located on a trapezoidal plot of 58,743 sq ft, at 17 Lorong 8 Toa Payoh, off Braddell Road/Lorong 6 Toa Payoh. Surrounding developments include HDB flats and light industrial developments like Braddell Tech, STI Motor Centre, and Toyogo Building. It is easily accessible via the Central Expressway, Pan Island Expressway, and major arterial roads.
The detached factory comprises a car showroom, office and workshop area on the first storey, general offices on the second storey, and warehouse/store/office on the third storey. Completed in the 1990s, it occupies a floor area of about 59,621 sq ft.
ADVERTISEMENT
The property has a lease tenure of 30 years, with an additional 30 years commencing from March 1, 1993, that was granted by Jurong Town Corp. It has a current unexpired lease of 33 years.
Subject to approval from the authorities, the site can be put to alternative uses and reconfigured to maximise its unutilised plot ratio of about 1.5 times.
The EOI exercise will close at 3pm on Dec 12.
Read also:
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 4.4.70
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.