Freehold industrial land at Kim Chuan Lane for sale at $43 mil

A sale by expression of interest (EOI) has been issued for a freehold factory building located on 15,761 sq ft of industrial land at 7 Kim Chuan Lane. ERA Realty Network, the exclusive marketing agent for the property, have stated a guide price of $43 million.

The site is situated within the Business 2 (industrial) zoning area, with a plot ratio of 2.5 and provisional permission for the redevelopment of the area into a six-storeyed, multiple-user food factory with a potential gross floor area of 39,000 sq ft.

The Myst CDL is catered to those who are looking for a city-fringe home surrounded by greenery and tranquility. The condominium developing offers all the modern amenities, from full-fledged luxury facilities at the ClubMYST and scenic views from its elevated units. Outfitted with smart home features, the condominium makes for a perfect living space for young families and professionals who aspire for stylish city living.

The property at 7 Kim Chuan Lane is accessible from Upper Paya Lebar Road and is close to the Tai Seng area, home to multiple famous companies including BreadTalk, Charles & Keith and Sakae Sushi. The nearest MRT station is the Tai Seng station on the Circle Line.

Offering a versatile solution to industrial property seekers in the city fringe area, the sale presents the potential to subdivide the area into strata-titled units. “This is sure to appeal to food companies who are looking to deliver products to the city centre within a short timeframe,” remarks Steven Tan, managing director of ERA capital markets and investment sales.

Prospective buyers can expect to acquire the property with vacant possession, with the EOI exercise ending on June 7.