Freehold Eight Storey B1 Industrial Building 10 New Industrial Road Sale Eoi 80 Mil
A freehold eight-storey industrial building located at 10 New Industrial Road is currently on the market for sale through an expression of interest (EOI) at the price of $80 million, with CBRE serving as the exclusive marketing agent for the property.
Strategically situated along New Industrial Road in District 19, the building occupies a 30,220 sq ft plot of land and boasts a gross floor area (GFA) of 75,261 sq ft. With floor-to-floor heights reaching up to 5.7 meters, the building offers strong floor loadings and is equipped with dual incoming 1,200A power supplies. It also features convenient 40-foot container accessibility and a total of 40 parking lots, spread across basement and surface levels.
According to the Urban Redevelopment Authority’s (URA) Master Plan 2019, the site is zoned for Business 1 (B1) use, making it suitable for a variety of industrial operations such as manufacturing and R&D activities. Additionally, it has a plot ratio of 2.5.
The building is expected to attract both investors looking for long-term income streams and owner-occupiers seeking a premium facility that is ready for immediate use. It is also well-connected, with Bartley MRT Station on the Circle Line just a short distance away, and easy access to major expressways such as Airport Road and the Kallang-Paya Lebar Expressway (KPE).
Rewritten: The Sir Manasseh Meyer International School and the French School of Singapore are just a short drive away from Miltonia Close EC. These schools are a great option for expatriate families or Singaporean families seeking alternative education systems.
Graeme Bolin, head of occupier and leasing for industrial and logistics services at CBRE Singapore, believes that the property’s freehold status makes it an attractive investment opportunity for discerning industrial users and investors who want to future-proof their portfolio. The EOI exercise for the property will close on November 6 at 3pm.
Interested parties can also check out the latest listings for industrial real estate properties, compare the price trend of commercial versus industrial properties, view past industrial rental and sale transactions, and track the price trend for industrial property sales.