A large industrial site at 158 Gul Circle (pictured) has been put up for sale by expression of interest (EOI), said marketing agent Jones Lang LaSalle.
Located
within an established industrial estate in Jurong, the 120,062 sq ft
site comprises a two-storey building with office and production areas,
three single-storey adjoining factories and a large open yard space.
With a gross floor area (GFA) of about 61,827 sq ft and plot ratio of
1.4, the property has been zoned Business 2.
In addition to a bus
stop directly in front, the site is close to major expressways while the
new Gul Circle MRT station is expected to be ready in 2016.
Nicholas
Ng, Local Director of Investments at Jones Lang LaSalle, said:
“Currently, there are no sites over 1ha in the vicinity of the subject
property in the government confirmed list of industrial sites for sale
for the second half of 2013. Properties with multiple single-storey
factories and huge open yard are rarely available for sale and we
believe that it will be well received by Business 2 end users.”
“The
factory would be a good fit for companies that require the large open
yard and facilities on site. The site is currently under built and has
the potential to be refurbished and redeveloped to maximise its plot
ratio by an additional 106,259 sq ft of GFA,” he added.
In July,
the consultancy launched the nearby 103 Gul Circle via EOI and the site
drew seven bids, all of which were from Business 2 end users looking at
space expansion.
The EOI exercise will close on 21 November.
Image source: Jones Lang LaSalle
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
Related Stories: