Freehold Terraced Factory Tagore Lane Sale 85 Mil
At ETC’s upcoming property auction on Sept 24, a freehold terraced factory located at 108 Tagore Lane will be up for sale. This owner’s sale has an indicative price starting from $8.5 million, which translates to approximately $1,950 psf for its land area of around 4,360 sq ft. The three-storey factory is situated within Sindo Industrial Estate and is zoned for Business 1 with a gross plot ratio of 2.0. The property spans a built-up area of 7,911 sq ft and has a side staircase leading to the upper floors. It also includes self-contained toilets on each level and a parking space for three to four cars.
According to Robert Foo, associate director of auction and sales at ETC, the property is expected to attract interest from small and medium-sized enterprises. He adds that the property is ideal for businesses in the construction industry such as those involved in the assembly of construction equipment, precision engineering, and distribution of industrial products. The second floor can potentially be used as an office while the third floor can serve as a storage or warehouse space.
Sindo Industrial Estate is a freehold industrial area in District 26, surrounded by Tagore Industrial Avenue and Tagore Lane. The area houses a mix of industrial properties including terraced factories and strata-titled warehouses. The estate is conveniently located near various lifestyle hubs such as Ang Mo Kio Hub at Ang Mo Kio Avenue 3 and Thomson Plaza on Upper Thomson Road. It also has easy access to the Seletar Expressway.
Based on recent sale records, the most recent industrial transaction in the area was the sale of a strata unit at 9@Tagore for $2.35 million ($512 psf) on July 25. Another single-user factory along Tagore Industrial Avenue was sold for $9.8 million ($1,833 psf) on July 16.
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In March, a freehold four-storey factory at 162 Tagore Lane, which houses Privilege Motors’ headquarters and flagship showroom, was put up for sale at $23.8 million ($1,619 psf) via private treaty. The property is currently on the market with a revised guide price of $21.8 million ($1,483 psf).