The building will attract manufacturers looking for presence in a recognized technology collection, progressed manufacturing, hi-tech and semiconductor industries.
A three-storey commercial structure at 1 Ang Mo Kio Street 63 is on the marketplace for $27 million. According to a press release sent by CBRE on May 19, the residential or commercial property will be marketed via personal treaty. CBRE is the sole marketing representative for the commercial website.
The Reserve Residences is within a few minutes’ drive of various amenities and services
The Reserve Residences is located near a bus interchange and the Beauty World MRT station. The development is also near various schools, including Pei Hwa Presbyterian Primary School and Middleton International School Upper Bukit Timah. Residents of The Reserve Residences location will have easy access to the various parts of the city by foot, bus, or MRT. The Reserve Residences’ location makes it a good choice for those seeking a convenient location near major attractions.
Therefore, the site might be redeveloped into a new commercial building with a prospective built-up area of 218,350 sq ft, claims CBRE. The existing advancement has an overall gross floor area of 116,768 sq ft.
The existing building features a large loading areaFilling location carpark, and an ancillary office and staff and also. It likewise includes warehouse area on the first as well as 2nd floorings, while the third floor offers as a R&D as well as top quality control centre.
to navigate various datasets. The graph reveals the marketplace fads for leasehold industrial residential or commercial properties in the Ang Mo Kio plananing location.
According to Graeme Bolin, head of inhabitant and also leasing, industrial as well as logistics solutions, at CBRE Singapore, the building “will appeal to manufacturers trying to find existence in a well-known technology cluster, manufacturers in sophisticated production, hi-tech and semiconductor fields”.
He includes that the area does not use other big commercial websites for redevelopment, as well as the currently underutilised story proportion would yield even more space for owner-occupiers. “We are confident that 1 Ang Mo Kio Street 63 presents a timely chance for investors and also owner-occupiers alike,” states Bolin.
A three-storey industrial structure at 1 Ang Mo Kio Street 63 is on the market for $27 million. Thus, the site could be redeveloped right into a brand-new industrial building with a prospective built-up location of 218,350 sq feet, says CBRE. The existing advancement has a complete gross floor area of 116,768 sq ft.
