Portfolio of 12 Strata-Titled Industrial Units in CT Hub, Kallang, for sale

Opportunity for individual investors seeking industrial properties in Singapore’s Fringe CBD

Singapore, 26 July 2023 – CBRE, as the appointed exclusive marketing agent, is offering for sale a portfolio of 12 strata-titled industrial units in CT Hub at located at 2 Kallang Avenue. 

Sitting on a 112,150 square-foot site with a remaining lease till January 2076, the high specification development with two floors of retail space has a total gross floor area of approximately 336,500 square feet. Under the Master Plan 2019, the site is zoned for “Business 1 - White” with a plot ratio of 3.0. 

The subject portfolio is fitted as business space and is fully air-conditioned, with part of the portfolio enjoying direct access to the carpark. The development is served by five passenger lifts and two 3-tonne cargo lifts. Finally, the potential buyer will enjoy immediate income upon purchase as the portfolio will be fully leased up by a music production and HR company for at least 4 years. It is expected to collectively yield annual rent of around $750,000 during this time.

Mr Graeme Bolin, CBRE Head of Occupier and Leasing, Industrial and Logistics Services, Singapore, says, “The positive outlook for Singapore’s industrial and warehouse sector, supported by expansion and renewal leasing momentum seen in H1 2023, will underpin demand for quality B1 spaces amid the tight supply conditions. The industrial market continues to record broad-based growth across all segments, and this allows individual buyers an opportunity to participate in this growth in the Singapore industrial real estate sector.”

Mr Tan Teck Chew, CBRE Director, Industrial and Logistics Services, Singapore, adds, “At the guide price of S$17.2 million, this opportunity presents a yield accretive proposition even in this alleviated interest rate environment. In time, the buyer will further enjoy the flexibility to either exit the investment in bulk or via individual strata sales.”

CT Hub at 2 Kallang Avenue is centrally located at the fringe of CBD and has superb connectivity, being well connected via Nicholl Highway, Kallang Road, and Pans-Island Expressway (PIE), with proximity to Beach Road. It is also well-served by public transport, with Bendemeer MRT Station just three minutes’ walk away.

CT Hub boasts superior building specifications, and is well-maintained. A wide range of light industrial users occupy this building.