CBRE Pte. Ltd. is pleased to announce the launch of the sale of three prime industrial buildings.
1 Kaki Bukit Place
Prominently located at 1 Kaki Bukit Place, the 7 storey corner terrace building enjoys excellent frontage along Kaki Bukit Road 3. The building sits on approximately 11,950 sq ft of land and has a built-in area of approximately 30,570 sq ft. The tenure of the property is 60 years with effect from 20 November 1995 and the building is completed circa. 1998. The site is zoned ‘Business 2’ on the Masterplan 2008 with a plot ratio of 2.5.
The area is well served by various public transportation nodes with major bus routes plying along Eunos Link. Eunos MRT Station is a short bus ride away and the upcoming Kaki Bukit MRT Station of the downtown line is a 5 minute walk. The location is also conveniently connected to various parts of the island via the PIE and KPE.
The guide price for the property is $11.95m, which works out to approximately $390 psf on the built up area and $1,000 psf on the land area. The property will be sold with vacant possession. Between March and July 2012, there were 7 similar terrace units in the immediate vicinity of Kaki Bukit Place that changed hands. The latest transaction was $1,399 psf.
The key attractions of the property are:
1. Excellent and rare address, 1 Kaki Bukit Place 2. Prominent corner location, wide road frontage, ideal for naming rights 3. Prime and popular Kaki Bukit micro-market, easily accessible to various parts of Singapore via PIE and KPE 4. Big compound area which can cater for car parking facilities
Global Innovation Centre
Global Innovation Centre, a 5 storey industrial building located at 152 Ubi Avenue 4. The building sits on approximately 49,187 sq ft of land and has a gross floor area of approximately 98,246 sq ft. the tenure of the property is 30 years with an option to renew for another 30 years with effect from 1 February 1997 and the building refurbishments finished circa. 2012. The site is zoned ‘Business 1’ on the Masterplan 2008 with a plot ratio of 2.0.
The Global Innovation Centre is a state-of-the-art industrial building. The Global Innovation Centre is equipped with the latest eco-friendly technology and is one of the first buildings in Singapore to have its entire façade sheathed with solar panels. The property is situated on a prominent corner location and is idea for an owner occupier requiring naming rights.
The guide price for the property is $60.00m, which works out to approximately $611 psf on the gross floor area. The property will be sold with vacant possession. CBRE is appointed as the sole and exclusive marketing agent for the property.
42 Changi South Street 1
42 Changi South Street 1, a standard JTC factory (Type E8) single storey factory with a mezzanine level with extensions. The building sits on approximately 73,943 sq ft of land and has a gross floor area of approximately 51,204 sq ft. the tenure of the property is 30 years with an option to renew for another 30 years with effect from 1 July 1996. The site is zoned ‘Business 1’ on the Masterplan 2008 with a plot ratio of 2.0.
The current lessee Printronix Schweiz GmbH is exploring a sale and leaseback of 42 Changi South Street 1. Printronix Schweiz GmbH is an independent worldwide supplier and manufacturer of high quality printers and is headquartered in Irvine California.
The guide price for the property is $11.00m, which works out to approximately $215 psf on the gross floor area.
” Given the current low interest rate environment, SMEs are increasingly looking to own their own space. The Kaki Bukit and Ubi vicinity has grown in recent years to be an extremely popular location for these SMEs to locate their business operations. We anticipate strong buying interest in the properties available.” said Galven Tan, Associate Director, Investment Properties, CBRE.
CBRE is appointed as the sole and exclusive marketing agent for all 3 properties. 1 Kaki Bukit Place and Global Innovation Centre are available via private treaty, while the expression of interest for 42 Changi South Street 1 will close on the 2 October 2012.
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.