A strategically located industrial site with re-development potential at 1 Ang Mo Kio Street 63, Singapore for Sale
Ideal for industrialists seeking space within an establish tech cluster
19 May 2022
Singapore, 19 May 2022 – CBRE, as the appointed exclusive marketing agent, is pleased to offer for sale a 3-storey industrial building at 1 Ang Mo Kio Street 63. The development boasts a large loading area and car park at the rear suitable for re-development, as well as an ancillary office and a staff canteen.
At an indicative price of S$27 million, the sale will be via a private treaty.
Sitting on an 87,340-square-foot site, which has a remaining tenure of 30+30 years w.e.f. 1 April 1987, the industrial development has a total gross floor area of approximately 116,768 square feet.
Under the Master Plan 2019, the site is zoned for “Business 2” use with a plot ratio of 2.5. Hence, the building can enjoy a potential built-up area of approximately 218,350 square feet.
The development consists of warehouse space which spans across level 1 and 2, while level 3 serves as a research and development plus quality control facility. The property comprises two 2 tonne cargo lifts which has access to all 3 levels. The four loading bays within the property have direct access into level 1’s warehouse, providing seamless loading/unloading and storage of goods.
Mr Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services, says, “1 Ang Mo Kio Street 63 will appeal to industrialists looking for presence in an established technology cluster, industrialists in advanced manufacturing, hi-tech and semi-conductor sectors. Consider the lack of large sites within the area, 1 Ang Mo Kio Street 63 is a rare offering. The underutilized plot ratio will yield approximately additional 100,000 square feet, appealing to industrialists who would like to be in an established tech cluster and yet own a property which will allow their business to be future-proofed.
He adds “The positive outlook for Singapore’s manufacturing sector will underpin demand for quality production and warehouse space. We are optimistic that 1 Ang Mo Kio Street 63 presents a timely opportunity for investors and owner-occupiers alike. The property will be particularly attractive as it is within walking distance to Yio Chu Kang MRT station and offers immediate access to pool of workers in the nearby residential area.”
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.