>

>

Two adjacent multi-storey warehouses in Tampines for sale

By Tan Chee Yuen

/ Cushman & Wakefield, The Edge Property |

October 28, 2015 5:20 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

Two adjacent multi-storey warehouses at 21 and 23 Tampines Street 92 have been put up for sale via Expression of Interest at a combined indicative price of $70 million. The properties can be sold jointly or separately.

21 Tampines Street 92 (T21) is a 6-storey warehouse that sits on a land area of 119,091 sq ft with a gross floor area of 164,967 sq ft, while 23 Tampines Street 92 (T23) is a 8-storey warehouse that sits on land area of 95,788 sq ft with gross floor area of 132,835 sq ft.

Both of the properties are zoned for “Business 2” usage with a balance lease of 22 years. T21 is currently owner-occupied as furniture showroom and warehouse while T23 is leased to StoreHub and Best Denki. The warehouses are on private land title and not subject to rules and regulations similar to those imposed by JTC or HDB.

Mr Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, says, “T21 would be ideal for end users like e-commerce and logistics companies who aspire to operate from their own buildings with good corporate image given the modern building architecture. T23 is currently enjoying good rental from two reputable tenants that would appeal to investors including REITs.”

“The warehouse sector is still very strong with occupancy and rents continuing on an upward trend in 3Q2015. Most of the new warehouse supply is concentrated in the West region with only 15% in the East region. Singapore’s increasing importance as a regional logistics hub and the rapid growth of air freight due to consumers’ growing preference for express delivery will support sustainable demand for warehouses in the East region in the long term.”, adds Poh.

The expression of interest exercise will close on December 4, 2015 at 3pm. Cushman & Wakefield is the exclusive marketing agent.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

World’s largest Mercure Hotel opens on Club Street

5

Luxury living in the new heart of Bukit Timah

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00