Century Warehouse up for collective sale at $57 million

SINGAPORE – Knight Frank Singapore, the exclusive marketing agent representing the interests of all owners in Century Warehouse, is pleased to announce the launch of the sale of Century Warehouse, an exclusive freehold industrial “B1” development along Pasir Panjang Road, by tender.

Century Warehouse. Picture: Knight Frank Singapore

Century Warehouse is an 8-storey freehold industrial warehouse with basement carpark, comprising 35 strata units with a total strata area of 56,539 sq ft.

The development sits on a site with an area of 2,824.4 sqm (approx. 30,402 sq ft) and is regular with a frontage of approximately 35 metres onto Pasir Panjang Road, and average depth of 82 metres.

According to the 2014 Master Plan, the site is zoned “Industrial (B1)”, with an allowable Gross Plot Ratio (GPR) of 2.5.

Century Warehouse is nestled within an exclusive industrial enclave, surrounded predominately by other industrial developments such as Interlocal Centre and OC @ Pasir Panjang, as well as Mapletree Business City.

See more: Tulip Garden’s collective sale process still going strong

It is approximately a 10-minute walk to both Pasir Panjang MRT and Labrador MRT Stations and enjoys easy access to major arterial roads and expressways such as the West Coast Highway and Ayer Rajah Expressway.

The owners are expecting offers in the region of S$57 million for the site, which translates to a land rate of S$750 psf ppr

Mr Tan Boon Leong, Executive Director and Head of Industrial, Knight Frank Singapore, comments, “This is a rare freehold site available for sale and with 100% consensus obtained from all subsidiary owners to sell, potential buyers will find this an attractive investment.”

Mr Ian Loh, Executive Director and Head of Investment and Capital Markets, shares, “Knight Frank is proud to be the marketing agent for Century Warehouse. Located in an exclusive industrial area and just 10 minutes’ drive away from the CBD, we believe this will be an attractive industrial opportunity for owner occupiers, developers and funds.”

The tender for Century Warehouse will close on 30 November 2018, at 3.00 pm.

See more: Golden Wall Centre – prime freehold commercial site for sale