Prime ground floor units at Pantech Business Hub up for sale
SINGAPORE, 28 February 2018 – JLL, as the exclusive marketing agent, is inviting offers through an Expression of Interest exercise for the purchase of nine prime ground floor strata industrial units located in Pantech Business Hub – a high quality industrial complex consisting of three distinctive seven-storey blocks. Pantech Business Hub is a 99-year leasehold industrial building with a remaining lease of approximately 65 years. Located along Pandan Loop, the immediate vicinity houses predominately light industries and food manufacturers.
The nine contiguous units, located at the ground floor of Block 192 at Pantech Business Hub has a total strata area of 17,825 sq ft. Each unit comes with excellent specifications, having a 5.4-metre ceiling height, 20kn/m2 floor loading and a regular column-free layout. The units are also located adjacent to the loading and unloading bays. They are currently fully tenanted to tenants from the food manufacturing and engineering industry. The indicative guide price for the subject properties is at $650 psf on the existing strata area. The units can be sold either individually or collectively.
The strata area breakdown of the units is tabled below:
|Unit No.||Strata Area||Guide Price|
|#01-04||1,367 sq ft||$888,550|
|#01-06||1,281 sq ft||$832,650|
|#01-13||3,488 sq ft||$2,267,200|
|#01-14||1,851 sq ft||$1,203,150|
|#01-16||1,259 sq ft||$818,350|
|#01-18||1,367 sq ft||$888,550|
|#01-19||1,862 sq ft||$1,210,300|
|#01-20||1,862 sq ft||$1,210,300|
|#01-21||3,488 sq ft||$2,267,200|
|Total||17,825 sq ft||$11,586,250|
Pantech Business Hub is well served by an extensive network comprising major arterial roads and expressway such as the Ayer Rajar Expressway (AYE) and West Coast Highway. In addition, the property is located within close proximity to the Pasir Panjang Container Terminal - the key port for the upcoming two decades. With the Tuas Megaport (a project to consolidate all ports) in progress and to be completed in 2040, the Pasir Panjang Terminal is set to benefit from the relocation of the remaining city terminals. The 503 ha site currently houses 33 container berths and a dedicated automobile terminal.
Mr Clemence Lee, Associate Director, Capital Markets, JLL said: “The 9 ground floor strata units at Pantech Business Hub are extremely prime, being located right next to the loading and unloading bay. With its excellent specifications (ie. high ceiling height, regular column-free layout with high floor loading), we expect strong interest from owner-occupiers who are looking to own prime ground floor units within a centrally-located mature industrial area.”
“Furthermore, as more of the port activities starts congregating in the area, investors for the Pantech Business Hub can expect to benefit from the potential capital and rental upsides in the development due to the positive spillover effect of commercial activities into the area”, he added.
As the subject properties sit on land zoned for industrial use, foreigners are eligible to purchase the property. There are no Additional Buyer’s Stamp Duty (ABSD) imposed on the purchase of the property.
The Expression of Interest exercise closes on 3 April 2018, Tuesday at 3pm.
Note to editors:
- A high resolution photograph of Pantech Business Hub is available here.