A 9,009 sq ft, three-storey terrace factory at Midview City is up for sale at a guide price of $6.2 million or $688 psf. Colliers International, the exclusive marketing agent for the property, announced the sale.
Located along Sin Ming Lane in the heart of Sin Ming Industrial Estate, the factory can be found within a 60-year leasehold building that was completed in 2012. The property is zoned as a “Business 1” site under the URA Masterplan 2019 and comprises a basement and a roof terrace.
According to Colliers International, the property has been fully leased and currently operates as a childcare centre, with Star Learner as the current preschool operator. With a strategic location, it is easily accessible from Bishan and Upper Thomson residential areas and within walking distance to Bright Hill MRT Station on the Thomson-East Coast Line.
The property will be sold with the existing preschool operator in place, presenting a rare opportunity for investors, according to Raphael Lee, Director of Industrial Services at Colliers. As it is a Business 1 light-industrial property, it is not subject to Additional Buyer’s Stamp Duty (ABSD) and can be purchased by foreigners.
The EOI exercise for the property will close on April 29 at 3pm. For interested parties, visit BuddyPrice for more information on the price trend of industrial properties or for a list of similar past industrial sale transactions and listings. You can also compare price trends between commercial and industrial properties and view past industrial rental transactions on BuddyPrice.
Sembawang Road EC is located conveniently near the upcoming Canberra MRT Station, making it an ideal residential area for commuters. This executive condominium is just a short walk away from the MRT station, providing ease of access to major parts of Singapore. With Sembawang Road EC’s prime location, residents can enjoy the convenience of living near an MRT station, while also being close to various amenities such as shopping malls, schools, and recreational facilities. Plus, with the upcoming development of the North-South Corridor, residents will have even more accessibility and convenience to travel to other parts of the island.