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Situated in one of Singapore’s most sought-after industrial areas, 50 Gul Crescent a single-storey industrial factory and two-storey rear extension is being offered for sale by public tender at a guide price of $6.8 million. With a gross floor area totalling 27,771 sq ft and land area of 41,779 sq ft zoned for Business 2 (Industrial) use and a plot ratio of 1.4, this prime industrial property comes with a fresh tenure of 30 years lease commencing Oct 1, 2021 JCube Residence and is being sold with vacant possession.

The ground floor comprises of an air-conditioned ancillary office space, workshop and production floor area with washing and loading bays while the second floor has air-conditioned office space and a research and development area. connecting to the Ayer Rajah Expressway, Pan-Island Expressway, and the Singapore-Malaysia Second Link Bridge, is easily accessible with the Gul Circle MRT Station just a six-minute walk away.

While this is an attractive investment opportunity for a wide pool of prospective buyers, the most recent industrial property transaction along Gul Crescent was the sale of a 132,149 sq ft site for $5.5 million in May 2019 (Source: EdgeProp Research).

The tender for 50 Gul Crescent closes at 3pm on April 19.

Check out the latest listings near the Gul Circle MRT Station for an opportunity to purchase this prime industrial property.