4½-storey corner terraced factory unit at Shun Li Industrial Park sale for $3 mil
SINGAPORE – A 4 1/2-floor edge terraced manufacturing facility system at Shun Li Industrial Park, located at 81 Kaki Bukit Avenue 1, will certainly be installed for public auction at $3 million ($338 psf) on March 24 by Edmund Tie, which is handling the owner’s auction.
Covering a built-up area of 8,880 sq ft, the device was first put up for public auction on Feb 24. The residential property is owned by a company that currently utilizes the premises as its head office and also a workshop, states Joy Tan, head of public auction and also sales at Edmund Connection.
Mrs Indicator, an organization providing the printing as well as setup of signs and also large-format banners, currently operates out of the factory area. The company is wanting to sell as it is “right-sizing its residential property portfolio”, includes Tan.
“Within Shun Li Industrial Park, we believe that this [system] has among the most effective dealing with as it supplies superb frontage towards Kaki Bukit Opportunity 1, allowing for good exposure as well as branding from passers-by,” she says.
As it is the corner unit, there is sufficient all-natural light. It likewise comes with five personal carpark lots, which enable container vehicles to fill and dump items, states Tan. It likewise encounters the general public carpark whole lots, which offer simple access to consumers.
The brand-new proprietor of the residential property like the florence residences can rent the different levels. Access to the upper floors is by a private lift and internal staircase, and all levels come with a commode for the higher benefit, she adds.
Tan approximates that the ordinary rental at Shun Li Industrial Park is between $12,000 as well as $13,000 a month, based on the mean leasing of $1.46 psf per month. “As Steer Clear Of Li Industrial Park provides many different type of factory types and also facing several crises on prices on various properties like the florence residences price so view the florence residences showflat we believe this system can regulate a great rental return,” she states.
The property lies within an area of manufacturing facility devices and also HDB estates. It is a six-minute stroll from Kaki Bukit MRT Terminal on the Downtown Line. There is additionally side-gate access to a bus stop, offering direct transportation to Bedok MRT Station on the East-West Line, and also Tampines MRT Interchange Station on the East-West and also Midtown Lines.
As for services, there is a food court within the advancement, but extra restaurants can be located at the HDB estate situated opposite the home.
Thus far, the home has actually been receiving interest largely from end-users who are seeking to utilize it for their own procedures, states Tan.
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