Industrial building in Tuas on the market for $6.8 mil

— 50 Gul Crescent, with a guide price of $6.8 million, is set for sale by public tender. Located in the Tuas industrial estate, it is equipped with an air-conditioned ancillary office space, workshop and production floor, as well as Tengah EC a research and development area. The 41,779 sq ft site has a plot ratio of 1.4, and comes with a renewed lease of 30 years commencing Oct 1, 2021.

Set in one of Singapore’s most sought-after industrial areas, 50 Gul Crescent is an industrial factory that is well-positioned to draw a wide pool of prospective buyers. It has a guide price of $6.8 million and is being offered for sale by public tender.

The 41,779 sq ft site, zoned for Business 2 (Industrial) use, is located with the Tuas industrial estate, close to the Ayer Rajah Expressway and Pan-Island Expressway, as well as the Singapore-Malaysia Second Link Bridge. The Gul Circle MRT Station is also a six-minute walk away.

The ground floor of the factory has an ancillary office space that is air-conditioned, with a workshop and production floor area equipped with washing and loading bays. Additional air-conditioned office space is located on the second floor, along with a research and development area.

The property has a gross floor area totalling 27,771 sq ft, and comes with a renewed lease of 30 years commencing Oct 1, 2021. As it will be sold with vacant possession, the buyer or end-user can commence operations immediately.

In 2019, 132,149 sq ft site along Gul Crescent was sold for $5.5 million – a sign of the area’s growing popularity and increasing price point.

The tender for 50 Gul Crescent will close on April 19 at 3pm, making it a rare opportunity to acquire a strategically located industrial facility.