B2 Industrial Production Site Tuas Sale 30 Mil
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CBRE, the exclusive marketing agent, has recently put up the industrial production site at 455 Jalan Ahmad Ibrahim in Tuas for sale with an asking price of $30 million. This 184,717 sq ft site is zoned as “Business 2” under the Master Plan. The sale will be conducted through a private treaty. The site has a remaining land lease of 30 years, which will expire in 2054. The two buildings on this 99-year leasehold industrial site have a combined gross floor area of approximately 128,786 sq ft.
The current buildings have a production area of 93,459 sq ft, which is complemented by 4,392 sq ft of office space and 30,934 sq ft of ancillary space. The production area comes with a pitched roof and ceiling heights ranging from 6m to 8.4m. Additionally, the site provides 20 carpark lots, five lorry-parking lots and two loading bays.
The property has dual entrance access via Jalan Ahmad Ibrahim and Tuas Avenue 1, providing easy connectivity to the Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE). The location is also close to the Second Link and Tuas Megaport.
Graeme Bolin, head of occupier and leasing, industrial and logistics services at CBRE states that the site has great development potential as its current underutilised plot ratio of 0.7 indicates. He adds, “455 Jalan Ahmad Ibrahim presents an attractive opportunity for investors and owner-occupiers alike, with its impressive building specifications, large land area for potential redevelopment into a modern warehouse facility, and strategic location within the bustling Tuas manufacturing zone.” For more Industrial Real Estate property listings, visit us at EDGEPROP.