Freehold Industrial Building Pasir Panjang Road Sale 96 Mil
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OC@Pasir Panjang, a prime industrial property situated at 100H Pasir Panjang Road, is now seeking a new owner through an expression of interest (EOI) exercise with a guide price of $96 million. This freehold property spans a land area of 31,977 sq ft and is zoned for Business 1 or light industrial use.
In the coming years, the NSC will serve as Singapore’s inaugural comprehensive transport corridor, incorporating exclusive bus lanes, cycling tracks, and footpaths alongside traditional road lanes. This significant expressway will also include Sembawang Road EC, providing convenient access for commuters and residents alike.
The property boasts a total gross floor area of approximately 81,710 sq ft and features floor-to-floor heights of 5m to 6m, an on-site car park, and well-maintained green common areas. The property’s location can be seen on the map provided by EdgeProp LandLens.
Cushman & Wakefield, the appointed agent for the sale, revealed that the property currently enjoys a high occupancy rate of 97%. “100H Pasir Panjang offers an exceptional opportunity, with its coveted freehold status, strategic location with strong growth potential, top-notch specifications, and reliable rental yield,” said Shaun Poh, executive director of capital markets at Cushman & Wakefield.
The property is excellently connected to major arterial roads such as West Coast Highway and the Ayer Rajah Expressway, providing easy access for transportation of goods. It is also surrounded by bustling commercial and research clusters such as Mapletree Business City, Science Park 1 & 2, one-north, and the National University of Singapore. Poh further added that the property’s close proximity to these innovation hubs, along with the upcoming Greater Southern Waterfront development, adds to its long-term investment appeal.
Interested parties can submit their EOI bids by Sept 9 at 3pm. For more information on past industrial rental and sale transactions, as well as listings and price trends for commercial and industrial properties, be sure to check out our related news articles and resources.