Freehold Eight Storey B1 Industrial Building 10 New Industrial Road Sale Eoi 80 Mil
CBRE, the exclusive marketing agent for a freehold eight-storey industrial building located at 10 New Industrial Road, has put the property up for sale by expression of interest (EOI) with an asking price of $80 million.
This prime property, situated in District 19, boasts a 30,220 sq ft land area with a gross floor area (GFA) of 75,261 sq ft. It features floor-to-floor heights of up to 5.7 metres, strong floor loadings, and dual incoming 1,200A power supplies. The building also offers convenient 40-foot container accessibility and 40 parking lots spread across basement and surface levels.
Under the Urban Redevelopment Authority’s (URA) Master Plan 2019, the site is zoned for Business 1 (B1) use, making it suitable for a range of industrial operations including manufacturing and R&D activities. It has a plot ratio of 2.5.
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According to Graeme Bolin, head of occupier and leasing for industrial and logistics services at CBRE Singapore, the property is expected to attract investors seeking long-term income streams and owner-occupiers in need of a premium facility that is immediately ready for use.
The building’s location offers seamless connectivity, with Bartley MRT Station on the Circle Line within walking distance and easy access to major expressways such as Airport Road and the Kallang-Paya Lebar Expressway (KPE).
The EOI exercise for this property will close on November 6 at 3pm. Interested parties can check out the latest listings for Industrial Real Estate properties and compare price trends of Commercial vs Industrial properties, past industrial rental and sale transactions, and price trends for industrial property sales.
