Singapore Handicrafts Building for sale at S$15m guide price
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THE Singapore Handicrafts Building has been put up for sale for a price “in the region of S$15 million”, its exclusive marketing agent JLL Singapore said on Monday (Jul 18).
The property, located at 72 Eunos Avenue 7, comprises a 6-storey light industrial factory with an ancillary showroom on the ground floor and ancillary office, warehousing and production spaces on the upper floors, as well as 20 car-parking facilities.
Its gross floor area is about 6,315.25 square metres (sq m), and it sits on a site of about 2,526.1 sq m with a remaining tenure of approximately 19 years.
The site is within walking distance to Eunos and Paya Lebar MRT stations and is accessible via major roads and expressways such as the Pan-Island Expressway and Kallang-Paya Lebar Expressway, JLL said. It is also near the Aljunied and Eunos residential areas.
Under the Urban Redevelopment Authority’s Master Plan 2019, the property is zoned as a reserve site. Its land premium has been paid upfront.
Pamela Siow, head of logistics and industrial capital markets at JLL Singapore, said: “The subject property will suit end users who would require a standalone building for their operations with an ancillary showroom on the ground floor.”
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