Two contiguous JTC Factories with open yard, ancillary office and underutilised plot ratio for sale

Ideal for general production usage, warehousing and manufacturing users seeking space within the Western manufacturing hub of Singapore

Singapore, 31 July 2023 – CBRE, as the appointed exclusive marketing agent, is offering for sale 2 contiguous JTC factories with production and manufacturing facilities, and ample open yard space, located at 2 & 4 Tuas Avenue 2. 

At an indicative price of S$25 million, the sale will be via a private treaty.

Sitting on a total land area of 158,005 square foot, the industrial development has a total gross floor area of approximately 91,859 square feet. The remaining land tenure for both no. 2 and no. 4 currently stand at approximately 23 years and 27 years respectively.

Under the Master Plan 2019, the site is zoned for “Business 2” with a plot ratio of 1.4. Hence, the building can enjoy a potential built-up area of approximately 221,237 square feet, leaving almost 130,000 square feet of unutilised plot ratio.

The subject property comprises manufacturing and production space on level 1, and an ancillary office space on level 2. Level 1 boasts a high ceiling height of 10m to 13m based on its pitch roof design. The production space is also holds a well-designed largely column free layout, equipped with 12 overhead cranes from 2.5 tonnes to 10 tonnes capacity. Both sites also accommodate a total power supply of 2200A.

Mr Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services, says, “2 & 4 Tuas Ave 2 are two strong sites individually. When coupled together, they present a rare opportunity to take possession of a large industrial land area with significant untapped gross floor area and strong current building specifications and fit out. Such large land-based factories in the West-region with lease tenures above 20 years are very difficult to come by in the market across both direct allocation and secondary market. 2 & 4 Tuas Ave 2 will be very beneficial to owner-occupiers who require industrial sites with larger land area and covered warehouses with good ceiling height fully equipped with cranes. The long remaining lease tenure will prove very significant in the coming years as supply for such land-based factories diminish through the growing demand and expansion of Tuas as the key manufacturing hub in Singapore.”

2 & 4 Tuas Ave 2 enjoys excellent connectivity. It is a 15-min drive from Second Link Causeway (Tuas checkpoint), Tuas Mega Port, Pan Island Expressway (PIE) and Ayer Rajah Expressway (AYE). Tuas Crescent MRT station is 5-min drive away and bus stops are in its immediate vicinity.