a guide price of $42 million has been set for the sale of a high-specification warehouse cum factory located in Gul Circle. The property, marketed exclusively by Knight Frank Singapore, is being sold through an expression of interest.The facility is a five-storey single-user factory and warehouse with a mezzanine spanning four floors. Its total gross floor area is approximately 245,955 sq ft, and it sits on a 105,648 sq ft site with a remaining leasehold tenure of 15 years and 11 months, as of Feb 1. The site is zoned as Business 2 under the URA Master Plan 2019.Knight Frank Singapore states that the property has been designed to meet modern industrial requirements, offering features such as high ceilings for storage and operations, cold rooms, and heavy floor loading capabilities that can accommodate various industries. The property also boasts nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators.Located in close proximity to major expressways such as the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as Joo Koon MRT station, the property offers excellent connectivity.The closing date for the expression of interest exercise is March 18 at 3pm.
