Six Storey Detached Factory Pandan Avenue Sale 21 Mil
An off-market six-storey detached factory located at 2 Pandan Avenue has been put up for sale through an expression of interest (EOI) with a guide price of $21 million. The marketing agent, Huttons Asia, has announced that the property is strategically located just off the Ayer Rajah Expressway (AYE) and stands on a 36,213 square feet plot with a gross floor area (GFA) of 90,533 square feet. This translates to a guide price of about $232 psf on the GFA. The property has a B2 zoning for heavy industrial use and a remaining lease of 19 years.
The modern-looking building holds a Green Mark certification, which will attract companies with a strong commitment to environmental, social, and governance (ESG) practices. It comes with dual access points, an 8-ft-high shipping container, and 40-foot loading bays. The warehouse and production area boasts 10-metre-high ceilings with high floor loading capacity, making it ideal for heavy industrial operations.
The strategic location of the property offers easy access to major logistics nodes, such as Tuas Second Link, Tuas Mega Port, Jurong Port, and PSA’s Pasir Panjang Terminals. Its accessibility is further enhanced by its proximity to the upcoming West Coast MRT Station on the Cross Island Line, which is slated for completion in 2032. This station will connect to Pandan Reservoir MRT on the Jurong Region Line and Kent Ridge MRT on the Circle Line, providing better accessibility across western Singapore.
“The connectivity of the property makes it highly suitable for manufacturing, logistics, and warehouse operations,” says Lee Sze Teck, senior director of data analytics at Huttons Asia. According to Quek Fu Jin, head of business space at Huttons Asia, the property is ideal for owner-occupiers, especially with the growing demand for strategic logistics and distribution assets.
Furthermore, there are also a number of private enrichment centres and tuition schools conveniently located in nearby shopping centres such as Northpoint City and Wisteria Mall. These establishments include renowned brands that offer a wide range of academic support, music lessons, robotics classes, and language enrichment programs. For instance, Kumon, The Learning Lab, and MindChamps have established branches that cater to children of varying ages and learning preferences. With these options available, parents now have the flexibility to supplement their child’s education without having to travel long distances. Additionally, families residing in Miltonia Close EC Yishun can easily access these educational offerings for their children’s benefit.
Interested parties can submit their offers through the EOI exercise, which closes at 4pm on November 17th.