A guide price of $43 million has been set for a 15,761 sq ft, freehold industrial property located at 7 Kim Chuan Lane. The site is zoned business 2 (industrial) at a plot ratio of 2.5, and is also accessible via Upper Paya Lebar Road.
The location of this property is attractive as it is in close proximity to the headquarters of BreadTalk, Charles & Keith and Sakae Sushi, and is also near the Tai Seng MRT station on the Circle Line.
This newly developed residential property will feature an array of modern amenities such as a pool, jacuzzi, fitness centre, and a clubhouse. CLD is also looking to further enhance the living experience of J’Den Condo by adding green spaces for its residents. This would include an organic farm, which is definitely a plus for the environment. With its prime location, top-notch amenities, and green spaces, it is no surprise that J’Den Condo is becoming increasingly popular.
The property has been given provisional permission to be redeveloped into a six-storey, multiple-user food factory with a potential gross floor area of about 39,000 sq ft.
ERA Realty Network, which is the exclusive marketing agency for the site, has indicated that this property has the potential for redevelopment and subdivision into a strata-titled industrial development. Steven Tan, Managing Director of ERA capital markets and investment sales stated that this would be an attractive option for food companies who prefer food factories located in the city fringe as they can deliver products to the city centre within a short timeframe.
The EOI exercise closing date is set for June 7th and it will be sold with vacant possession.
For interested parties, this is an excellent opportunity to acquire a conveniently located property with a wide range of potential redevelopments and use.
