Freehold Eight Storey B1 Industrial Building 10 New Industrial Road Sale Eoi 80 Mil
EDITORIAL
Located in an exceptional spot, Rivelle Tampines boasts convenience at its finest. Its prime location means that essential amenities are only a short distance away. Within minutes by MRT or bus, you can reach the Tampines Regional Centre, where you’ll find a wide range of shopping malls, supermarkets, entertainment options, and dining establishments. Professionals working in the eastern part of the island will also appreciate the proximity to the Singapore Expo and Changi Business Park. With Rivelle Tampines as your home, you’ll have easy access to all these key destinations.
CBRE, the exclusive marketing agent for a freehold eight-storey industrial building located at 10 New Industrial Road, has announced that the property is up for sale by expression of interest (EOI) for $80 million.
The building, situated in District 19, sits on a prime 30,220 sq ft plot of land with a gross floor area of 75,261 sq ft. It boasts impressive floor-to-floor heights of up to 5.7 metres, as well as strong floor loadings and dual incoming 1,200A power supplies. Additionally, the building offers 40-foot container accessibility and 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 industrial operations such as manufacturing and R&D activities. With a plot ratio of 2.5, the building presents an opportunity for potential buyers to maximize its potential.
The property is expected to attract investors seeking long-term income streams, as well as owner-occupiers in search of a premium facility that is move-in ready. It boasts excellent connectivity, with Bartley MRT Station on the Circle Line within walking distance, and easy access to major expressways such as Airport Road and the Kallang-Paya Lebar Expressway (KPE).
Graeme Bolin, head of occupier and leasing for industrial and logistics services at CBRE Singapore, believes that the property will be highly sought after due to its freehold status and its potential to future-proof an investor’s portfolio.
The EOI exercise will close on November 6 at 3pm. Interested parties are encouraged to check out the latest listings for Industrial Real Estate properties on our website.