MacPherson Road industrial building up for sale with S$21m guide price

Vivienne Tay

Published Mon, Jul 13, 2020 · 03:09 AM

A SEVEN-STOREY light industrial building at 463 MacPherson Road is up for sale via private treaty with a guide price of S$21 million, marketing agent Savills Singapore said on Monday.

The property has a total gross floor area of about 38,287 square feet (sq ft), a land area of 14,400 sq ft and comes with a basement car park and a sky terrace.

The property sits on land zoned B1 Industrial and has a leasehold tenure of 99 years, effective from April 1, 1965, with a remaining lease of around 44 years. It was completed circa 2016 and has been well-maintained, making it as good as brand new, Savills said.

The industrial building is "highly visible" and prominently located along MacPherson Road. It is also within walking distance to Mattar MRT Station, MacPherson MRT station and Tai Seng MRT Station.

It is accessible to major expressways such as the Pan-Island Expressway and Kallang-Paya Lebar Expressway. Surrounding amenities include food and beverage establishments such as Tim Ho Wan and Hawker Chan, a supermarket, a cafe, food centres, local coffee shops, essential banking services, sports facilities and others.

Sharon Teo, Savills Singapore managing director of business space, said: "We expect lots of interest in this property due to its excellent visibility, which will offer any occupier a strong branding presence in a superior locality with unparalleled access."