CBRE has announced the sale of a prime industrial property at 21 Bukit Batok Street 22, featuring a 3-storey light industrial building. Priced at approximately $13.2m (S$18m), the sale will be conducted via private treaty. The property, with a lease tenure until 2051, spans a plot of land measuring approximately 40,901 square feet and offers a gross floor area of about 64,548 square feet.
The site is designated as “Business 1” under the Master Plan 2019, with a plot ratio of 2.5, allowing for a potential built-up area of approximately 102,253 square feet. This presents significant redevelopment opportunities for potential buyers. The building itself includes 18,872 square feet on Level 1, 7,931 square feet on the Mezzanine, and 18,872 square feet on Levels 2 and 3, with ceiling heights ranging from 3.3 to 4.2 metres. Additionally, the site features 20 parking spaces.
Strategically located, the property boasts excellent connectivity to the Pan-Island Expressway and the upcoming Jurong Region Line. It is also within walking distance to bus stops and a 14-minute walk from Bukit Batok MRT station. The location is ideal for light manufacturing, production usage, and regional R&D offices, as well as self-storage operators on B1 sites.
Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services at CBRE, highlighted the property’s appeal, stating, “21 Bukit Batok Street 22 offers an opportunity for investors and owner-occupiers to acquire a property with excellent building specifications, ample land for potential redevelopment, and a strategic location within the heart of Singapore’s western manufacturing hub.”
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