A factory built on 15,761 square feet of industrial freehold located at 7, Kim Chuan Lane is on the market for sale through the expression of Interest (EOI). ERA Realty Network, the sole marketing agency for the property has set an estimated price that is $43 million.
The Myst main contractor City Development Limited (CDL) has acquired the The Myst condo at 798 and 800 Upper Bukit Timah Road, Bukit Panjang.
This site is zoned for business 2 (industrial) with an area size of 2.5. A provisional permit has been granted to allow this site to be converted into a six-storey multi-user food manufacturing facility that has a gross floor area of around 39,000 square feet.
The property located at Kim Chuan Lane is accessible via Upper Paya Lebar Road. It is situated close to Tai Seng area where the headquarters of BreadTalk, Charles & Keith and Sakae Sushi are situated. Its Tai Seng MRT Station located on the Circle Line is the nearest.
The property is ripe for development and subdivision into an industrial development that is strata-titled. “The strata-titled units are likely to be attractive to food companies that prefer factories for food production located in the city’s fringe since they are able to deliver items to the city center within a short amount of time,” says Steven Tan the director for ERA Capital Markets and Investment Sales.
The property will be sold as vacant possession The EOI process ending on the 7th of June.