Ideal for industrialists seeking space in a city fringe location CBRE offer for sale a 4-storey industrial building at 6 Aljunied Avenue 3 that sits within an established and premium industrial zone adjacent to the Paya Lebar transport and amenities hub.

Sitting on a 68,500-square-foot site with a remaining tenure of 21 years (30+30 years w.e.f. 1 September 1983), the industrial development has a total gross floor area of approximately 110,018 square feet.

Under the Master Plan 2019, the site is zoned for “Business 1” use with a plot ratio of 2.5. The incoming owner may explore tapping on the underutilized plot ratio to enjoy a potential built-up area of approximately 171,250 square feet or re-position the asset to attract hi-specs industrial users.

The development consists of a ground floor warehouse space and an air conditioned business space on the upper floors with good specifications. It also includes a carpark with 102 lots and prominent signage opportunities. The property comprises two cargo lifts which has access to all four levels.

Mr Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services, says, “Considering the lack of large sites within the city fringe, 6 Aljunied Avenue 3 is a rare offering. The subject property will appeal to owner-occupiers looking for presence in an established hi-specs industrial cluster that is in a central and accessible location, as well as its excellent branding opportunities. We expect interest from industrialists in life sciences, advanced manufacturing, hi-tech, data-centres and semi-conductor sectors too. The under-utilised plot ratio would appeal to buyers who want to capitalise on its redevelopment potential.”

He adds “The positive outlook for Singapore’s manufacturing sector will underpin demand for quality production and warehouse space. We are optimistic that 6 Aljunied Avenue 3 presents a timely opportunity for investors and owner-occupiers alike, considering that the surrounding buildings are experiencing high occupancy levels and positive rental growth, coupled with constant demand for space from tenants. The property will be particularly attractive because of its accessibilty to a host of amenities in prominent developments nearby such as Paya Lebar Square, Singpost Centre, PLQ Mall, and the redevelopment of Certis Cisco Centre will further boost activity in the locale. It also enjoys immediate access to a pool of workers from the nearby residential area.”

6 Aljunied Avenue 3 is well connected to other parts of Singapore via public and private transportation and is just 7.5km away from the city centre. Paya Lebar MRT station, that currently sits on the East- West line and the Circle line, is within walking distance. Bus services can also be found along Geyland East Central, which leads to other major roads such as Paya Lebar Road and expressways such as the nearby Pan-Island Expressway (PIE).

At an indicative price of S$29 million, the sale will be via a private treaty.

To request a copy of the Information Memorandum please contact the marketing agent Mr Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services, CBRE via the contact details below.