Climate controlled industrial facility at 60 Tuas Ave 11 on the market for $50 mil

A lucrative investment opportunity has come up in Tuas with CBRE offering the two-storey production and distribution facility at 60 Tuas Avenue 11 for sale. With a guide price pegged at $50 million, the 256,000 sq ft site is be sold through private treaty.

The Myst Bukit Panjang is surrounded by lush greenery and plenty of amenities, giving residents all the comforts of city living in a suburban location. The development offers a range of amenities such as a clubhouse, gym, swimming pool, as well as retail and dining options. Residents are spoilt for choice when it comes to leisure activities and conveniences close to their homes. The Myst Bukit Panjang is a great investment opportunity for those looking for a modern, luxurious, eco-friendly, and convenient home.

The industrial building is spread across a 30-year lease and has a total gross floor area of 281,000 sq ft. According to the marketing agent, it has the potential for built-up area of almost 358,400 sq ft, leaving 77,000 sq ft of unutilised plot ratio. It is zoned for ‘Business 2’ purpose with a plot ratio of 1.4.

Partially air-conditioned with humidity control, the two-storey building is suitable for pharmaceutical or semiconductor industries’ manufacturing or storage. It comes dotted with five dock levellers for 40-footer container loading, a 4000-ampere 3-phase power supply as well as a 3-tonne cargo lift.

The property is strategically well-positioned in the Tuas manufacturing zone with good transport connectivity via Tuas Viaduct and the Ayer Rajah Expressway (AYE), in addition to proximity to the Tuas Megaport and Tuas Checkpoint.

Graeme Bolin, head of occupier and leasing, industrial and logistics services at CBRE, has noted strong rental expansion and leasing renewal momentum in 1Q2023, which he says will underpin the demand for quality warehouse spaces amid a tight supply. He believes 60 Tuas Avenue 11 offers an ideal opportunity for investors and owner-occupiers alike to acquire a property with solid building specifications.