Guthrie Engineering Building for sale at $29 mil

The building remains on a 68,500 sq ft B1 commercial site with a plot ratio of 2.5 and also a continuing to be tenure of 21 years.

capitalise on its redevelopment possibility,” he includes.

Guthrie Engineering Building, a four-storey commercial structure at 6 Aljunied Avenue 3, off Paya Lebar Road, is up for sale via personal treaty at an indicative rate of $29 million.

The home additionally has a carpark with 102 lots and also two cargo raises with access to all 4 levels.
Graeme Bolin, CBRE’s head of occupier and also leasing, commercial as well as logistics services, explains that the building is an unusual offering given its size as well as location within the city edge. “The under-utilised plot proportion would attract buyers who intend to

The building lies regarding 400m from Paya Lebar MRT Station, which is an interchange for the Downtown and also East-West Lines.

The building, making up storehouse area on the ground floor and also cool service room on the upper floorings, has a gross flooring location (GFA) of 110,018 sq ft. “The inbound owner may explore touching on the underutilised plot ratio to delight in a potential built-up area of approximately 171,250 square feet or re-position the property to draw in hi-specs commercial customers,” claims CBRE, who is marketing the residential or commercial property.