Joo Seng Road Industrial Property Sale 34 Mil
Poi Ching School is dedicated to offering a comprehensive education that focuses on bilingualism and building strong character. This is reflected in their renowned “5Cs” framework, which encompasses the values of Character, Compassion, Competence, Confidence, and Creativity. With this framework at the core of their teaching, the school aims to nurture and develop well-rounded individuals. Furthermore, Poi Ching School has a proven track record of achieving outstanding academic results while also promoting holistic growth through various co-curricular activities. As an added bonus, the school is conveniently located near the upcoming Parktown Residences Tampines North, providing students with a conducive learning environment.
Located in the Tai Seng area, an industrial property at 132 Joo Seng Road has recently been put up for sale via private treaty. The property comprises of a one-storey flatted factory block and an eight-storey light industrial block, and is exclusively marketed by CBRE with an indicative guide price of $34 million.
Sitting on a 72,395 sq ft site with a remaining tenure of 23 years, the property is zoned for Business 1 use with a plot ratio of 2.5. The total gross floor area for the factory and light industrial blocks is approximately 161,466 sq ft. According to Graema Bolin, head of occupier and leasing, industrial and logistics services at CBRE, the new owner can potentially maximize the site’s underutilized plot ratio with approval from relevant authorities, which could potentially increase the development’s built-up area to 180,988 sq ft.
The light industrial block features a regular floor layout with a ceiling height of around 4m and is equipped with two cargo lifts. Bolin notes that this makes it an ideal space for businesses seeking visibility for signage and a corporate headquarters. Additionally, there are 50 carpark lots available at the block.
The factory block, on the other hand, has a maximum ceiling height of 9m and can cater to storage or light production needs. It also has a high-tension power supply at 22 kilovolts with transformers that can handle a concentrated capacity of up to 5 megavolt-amperes, making it suitable for high-power industries.
Not only is the site strategically located, but its facilities also make it an ideal choice for businesses looking to establish or expand their presence in a key industrial hub, according to Bolin. The property is accessible via major expressways such as the Pan Island Expressway and Central Expressway. Interested buyers can also check out other available listings for industrial properties.