Tuas South long-lease industrial site for sale

A LONG-LEASE industrial site in Tuas South has been launched for sale by Expression of Interest for $8.9 million, says exclusive marketing agent Jones Lang LaSalle.

The 34,189 square foot site at 17 Tuas South Street 5 consists of a two-storey building with production and storage space, and a mezzanine office. The gross floor area (GFA) is approximately 39,795 sq ft, and the lease tenure has about 45 years left.

Nicholas Ng, local director of investments at Jones Lang LaSalle, said factories with lease tenures of more than 40 years are rarely available, and that this site would be attractive to industrialists with huge upfront costs or leases which are expiring in the next few years.