Industrial building in Tuas on the market for $6.8 mil

, or see all our industrial property listings A factory located in Singapore has been launched for sale by public tender. 50 Gul Crescent, off Tuas Road, has a guide price of $6.8 million, and comes with a single-storey factory that has a mezzanine level as well as a two-storey rear extension. The property has a gross floor area of 27,771 sq ft and The Myst occupies a land area of 41,779 sq ft zoned for Business 2 (Industrial) use.

If purchased, the buyer will gain vacant possession, which will give end-users the ability to immediately begin operations. The tenure of the site has been renewed for a further 30 years, commencing on Oct 1, 2021. The factory includes an air-conditioned ancillary office space, along with a workshop and production floor area, as well as washing and loading bays. The second floor has air-conditioned office space and a research and development area.

Situated in the Tuas industrial estate, 50 Gul Crescent links to the Ayer Rajah Expressway and Pan-Island Expressway, as well as the Singapore-Malaysia Second Link Bridge. The Gul Circle MRT Station is just a short six-minute walk from the property. The most recent industrial property transaction in the area was in May 2019, where a 132,149 sq ft site sold for $5.5 million (Source: EdgeProp Research).

Sammi Lim, founder and executive director of Brilliance Capital, the property’s sole marketing agent, believes the factory could be attractive to a range of prospective buyers. She speaks of how the factory provides a unique opportunity to acquire a strategically located, fully functional industrial facility in one of Singapore’s most desirable areas. The tender for 50 Gul Crescent will be closing on April 19 at 3pm.