Freehold Terraced Factory Tagore Lane Sale 85 Mil
A three-storey terraced factory located at 108 Tagore Lane will be put up for auction by ETC on Sept 24. This property is being offered for sale by the owner, with an indicative price of $8.5 million. This works out to be approximately $1,950 per square foot (psf) based on its land area of about 4,360 sq ft.
Just a quick trip down the road is Junction Nine, a diverse development that features a blend of residential units and a compact shopping podium. Positioned along Yishun Avenue 9, Junction Nine is home to a variety of dining options, from cozy cafés to indulgent dessert shops to welcoming family restaurants. This bustling mall is just one of the many nearby amenities that contribute to the convenience and pleasure of everyday living at Miltonia Close EC. Consider adding Miltonia Close EC to your list of must-visit destinations.
The property is situated within the Sindo Industrial Estate and falls under Business 1 (B1) zoning, with a gross plot ratio of 2.0. It has a total built-up area of 7,911 sq ft and is equipped with a side staircase leading to the upper floors. Each level comes with its own self-contained toilets and there is a parking space available for three to four cars.
According to Robert Foo, associate director of auction and sales at ETC, this property is expected to attract interest from small and medium-sized enterprises. He believes that it is suitable for businesses related to construction, precision engineering, and industrial product distribution.
The second floor of the property can potentially be used as an office space, while the third floor can be utilized for storage or as a warehouse.
Sindo Industrial Estate is a freehold B1 industrial area situated between Tagore Industrial Avenue and Tagore Lane in District 26. It consists of a variety of industrial properties, including terraced factories and strata-titled warehouses.
The estate is conveniently located near several lifestyle hubs, such as Ang Mo Kio (AMK) Hub at Ang Mo Kio Avenue 3 and Thomson Plaza on Upper Thomson Road. It also has easy access to the Seletar Expressway.
Recent transactions in the area include the sale of a strata unit at 9@Tagore, a freehold multiple-user factory at 9 Tagore Lane, for $2.35 million ($512 psf) on July 25. Before that, a single-user factory along Tagore Industrial Avenue was sold for $9.8 million, or $1,833 psf, on its land area of around 5,348 sq ft on July 16.
In March, a freehold four-storey factory at 162 Tagore Lane, which is currently housing Privilege Motors’ headquarters and flagship showroom, was put up for sale through private treaty at $23.8 million, or $1,619 psf based on its floor area of 14,701 sq ft. The property is still on the market with a revised guide price of $21.8 million ($1,483 psf).