>

>

Three-storey building in Toa Payoh up for sale

By Bong Xin Ying

/ EdgeProp Singapore |

November 4, 2019 6:45 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

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.

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:

Public tender launched for residential site at Irwell Bank Road

[UPDATE] Katong Plaza launches third collective sale attempt at $188 mil

Toa Payoh: Shaping the ‘Heart’ in Heartlands

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Residential transactions with contracts dated Aug 8 to 15 [DONE DEALS]

2

Ticket sizes for CCR condos drop 20% in 5 months

3

Residential transactions with contracts dated Aug 22 to 29 [DONE DEALS]

4

Couple ‘addicted to fresh starts’ offer Vanda Rd semi-detached for sale at $13.8 mil

5

Lentor Central GLS site receives two bids, highest bid at $982 psf ppr

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

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.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00