Industrial building in Tuas on the market for $6.8 mil

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50 Gul Crescent located in the Tuas industrial estate is being released for sale through a public tender, with a guide price of $6.8 million. This single-storey factory boasts a mezzanine level and a two-storey rear extension with a total gross floor area of 27,771 sq ft. Sitting on a 41,779 sq ft land parcel zoned for Business 2 (Industrial) use with a plot ratio of 1.4, the site offers fresh tenure of 30 years lease starting Oct 1, 2021 that new owners or end-users can begin Senja Close EC their business ventures from immediately.

The factory’s ground floor consists of air-conditioned ancillary office space as well as a workshop and production floor area, with washing and loading bays. The second floor also has air-conditioned office space and a research and development area.

Its strategic location, close to the Ayer Rajah Expressway, Pan-Island Expressway, and Singapore-Malaysia Second Link Bridge, plus a six-minute walk to the Gul Circle MRT Station, is sure to attract a large pool of prospective buyers.

Sammi Lim, founder and executive director of Brilliance Capital, the sole marketing agent for the property, says, “The factory offers a rare opportunity to acquire a fully functional and strategically located industrial facility in one of Singapore’s most sought-after industrial areas.”

The most recent industrial property transaction along Gul Crescent was the sale of a 132,149 sq ft site for $5.5 million in May 2019. The tender for 50 Gul Crescent will close on April 19, 2021 at 3pm.

Situated in a bustling industrial estate, 50 Gul Crescent provides an ideal opportunity for businesses to acquire a functional and strategically located factory. With a fresh 30-year leasehold tenure, prospective buyers or end-users can start their operations without delay.

Founder and executive director of Brilliance Capital, the sole marketing agent for the property, Sammi Lim, opines, “The factory offers a rare opportunity to acquire a fully functional and strategically located industrial facility in one of Singapore’s most sought-after industrial areas.”

The property, which has a gross floor area of 27,771 sq ft, occupies a land area of 41,779 sq ft with a plot ratio of 1.4. It features a single-storey factory with a mezzanine level, a two-storey rear extension, and ancillary office space — all situated with close proximity to the Ayer Rajah Expressway, Pan-Island Expressway, Singapore-Malaysia Second Link Bridge and a six-minute walk to the Gul Circle MRT Station.

The tender for 50 Gul Crescent closes on April 19, 2021 at 3pm, and offers a unique opportunity for prospective buyers or end-users. The most recent industrial property transaction along Gul Crescent was the sale of a 132,149 sq ft site for $5.5 million in May 2019.

Check out the latest listings near Gul Circle MRT Station on EdgeProp.sg, or join the conversation on the EdgeProp.sg Forum to discover more opportunities.