A three-story terrace factory located in Midview City is now available for purchase with a guide price of $6.2 million or $688 per square foot. This exclusive opportunity is brought to you by Colliers International, the property’s marketing agent.
Situated in the bustling Sin Ming Industrial Estate, the factory boasts a basement and a rooftop terrace, offering a total strata area of approximately 9,009 square feet. This 60-year leasehold property is zoned as a “Business 1” site under the URA Masterplan 2019.
Colliers International reveals that the property is fully leased and currently approved for use as a childcare center. It is currently tenanted by Star Learner, a reputable preschool and childcare center.
The property is located in a prime location, within walking distance to Bright Hill MRT Station on the Thomson-East Coast Line. It is also easily accessible from the Bishan and Upper Thomson residential areas via two entrances, Sin Ming Lane and Bright Hill Drive.
Director of industrial services at Colliers, Raphael Lee, says that this opportunity is a rare find for investors as the property will be sold with the existing preschool operator in place.
As a Business 1 light-industrial property, it is not subject to Additional Buyer’s Stamp Duty (ABSD), making it a viable option for foreign investors. The Expression of Interest (EOI) exercise will close on April 29 at 3pm.
Don’t miss this chance to invest in an industrial property that offers a steady rental income from a reputable tenant. Contact Colliers International now to find out more about this exclusive opportunity.