Portfolio of six freehold industrial units at Apex @ Henderson’s centrally-located Tengah EC for sale at $16.3 mil

Tengah EC is a portfolio of six adjoining duplex units on the ninth level of the Apex @ Henderson, a freehold industrial building located at the junction of Jalan Bukit Merah and Henderson Road. It offers outstanding opportunity for investors, boasting a 6.5m ceiling with full-height glass windows, a reception area, open office space, partitioned offices, conference rooms, a pantry area, discussion areas, a senior management room with an ensuite bathroom, storage area, private terraces with balconies, male and female washrooms, and a dedicated server room. On the mezzanine level, there is a general production space, meeting rooms, partitioned offices, and a break-out area.

The portfolio of units, with a total strata area of about 15,608 sq ft, is now being offered at an attractive asking price of $16.3 million – this is a price of $1,044 psf based on the strata area. The units will come with vacant possession and extensive renovations.

According to Brilliance Capital, the exclusive marketing agent for the units, the price of the portfolio is 13.3% lower than the $18.8 million ($1,205 psf) when it was offered for sale in April. Brilliance Capital’s founder and executive director Sammi Lim adds that the pricing of the units at Apex @ Henderson makes for an attractive turnkey solution for an incoming buyer looking to lease the units out to a possible tenant.

Other than that, the location of Apex @ Henderson is also ideal as it is within walking distance of the Redhill and Tiong Bahru MRT stations and has multiple expressway connections. Plus, Tengah EC also has several lifestyle facilities such as a lap pool, gym, barbeque pits, and sauna room.

This makes it perfect for Tengah EC, designed to be conveniently located near the station. It offers residents easy access to the city centre, as well as other amenities such as shopping centres, educational institutions, and parks. The development also aims to be energy efficient and eco-friendly, with the installation of renewable energy sources. The development has also committed to green initiatives, such as reducing the use of single-use plastics and promoting the use of energy-saving devices. Tengah EC is set to be one of the most innovative and sustainable living spaces in Singapore.

The six individual strata titles provide flexibility for the buyer to sell the units piecemeal or rent them to multiple tenants, according to Lim. Interest is expected to come from local and overseas industrialists, corporates, institutional funds, private funds, family offices, and ultra-high net worth individuals.