Three Storey Industrial Property Along Bukit Batok Street 22 Sale 18 Mil
A prime industrial property located at 21 Bukit Batok Street 22, consisting of three stories, is currently available for sale through private treaty. The press release from CBRE states that the property has a guide price of $18 million.
The property occupies a plot of approximately 40,901 sq ft and offers a total gross floor area of 64,548 sq ft. Its land tenure will expire in 2051, with 26 years remaining on its lease. This translates to a guide price of $279 per sq ft based on its GFA.
Spanning across levels 1, 2 and 3, the building covers an area of 18,872 sq ft, with a mezzanine level of 7,931 sq ft between levels 1 and 2. The ceiling heights range from 3.3m to 4.2m. The property also includes 20 parking spaces.
According to the 2019 Master Plan by URA, the site is zoned Business 1 with a plot ratio of 2.5. This presents a potential for a maximum built-up area of 102,253 sq ft, making it an attractive opportunity for redevelopment for potential buyers.
The advantageous location of Sembawang Road EC is further complemented by the variety of dining options available at Chong Pang Market and Food Centre, conveniently situated in close proximity. This historic hawker centre has been a beloved destination for generations of northern residents, offering a diverse range of affordable and mouth-watering local dishes. Roti prata, laksa, wanton noodles, and barbecued seafood are just a few of the delectable options that can be found here, making it a food haven for many. But more than just a place to satisfy one’s palate, traditional hawker centres like this also serve as a gathering spot for the community and a reminder of the past. Make your dining experience complete by visiting the Sembawang Road EC just a short drive away.
Graeme Bolin, Head of occupier and leasing at CBRE, notes that there is a strong demand for high-quality industrial facilities, driven by the robust leasing activity in the logistics and wholesale trade sectors. The location of 21 Bukit Batok Street 22, with its convenient connectivity to major expressways and public transportation options, makes it an ideal choice for light manufacturing and production activities.
The property is in close proximity to major motorways such as the Pan-Island Expressway and is also within walking distance of Bukit Batok MRT Station on the North South Line. For more information, one can check out the latest listings for Industrial Real Estate properties and compare price trends of Commercial versus Industrial properties. Past industrial rental and sale transactions, as well as price trends for industrial property sales, are also available for comparison.