19 Mar '14, 1pm

Two multi-storey warehouses in Tampines up for sale, Industrial, Singapore Property Guides & Articles - STProperty

Two multi-storey warehouses in Tampines up for sale, Industrial, Singapore Property Guides & Articles - STProperty

The six-storey warehouse building at 21 Tampines Street 92 (above) and the adjacent eight-storey warehouse building can be sold jointly or separately. -- PHOTO: COLLIERS INTERNATIONAL TWO adjacent multi-storey warehouses in Tampines are up for sale with an indicative price of $70 million in total. The properties, which can be sold jointly or separately, are zoned for Business 2 use, which allows heavy industrial use. They have a a gross plot ratio of 1.4 and a tenure of 23 years left on their leases. The price works out to about $235 per square foot (psf) of floor area for the warehouses, which have a total site area of 214,880 sq ft. Marketing agent Colliers International said the expression-of-interest period will end on April 30. The warehouses are being sold by HC Design, which occupies one of them, a six-storey block at 21 Tampines Street 92. This building includes it...

Full article: http://www.stproperty.sg/articles-property/industrial/two...

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