Kim Chuan Lane offers freehold industrial property for sale for $43 million

A factory on 15,761 square feet of industrial freehold located at 7, Kim Chuan Lane is on the market to be sold by the expression of Interest (EOI). ERA Realty Network, the sole marketing agency for the property has offered an estimated price in the region of $43million.

TMW Maxwell sales gallery is zoned for commercial use under URA’s master plan, the developers intend to seek approval to redevelop a mixed-use development.

This site is zoned for business 2 (industrial) with an area proportion of 2.5. The site has been approved in principle to allow this site to be converted into a six-storey multi-user food processing facility with a gross floor space of approximately 39,000 square feet.

The property located at Kim Chuan Lane is accessible via Upper Paya Lebar Road. It is situated close in the Tai Seng area where the headquarters of BreadTalk, Charles & Keith and Sakae Sushi are situated. Its Tai Seng MRT Station along the Circle Line is the nearest.

The property is ripe to be developed for redevelopment or subdivision into an industrial development that is strata-titled. “The strata-titled units are likely to attract food businesses that prefer to have their food manufacturing facilities in the city’s fringe since they are able to deliver items to the city center in a short period of time,” says Steven Tan who is the director for ERA the capital market and investments sales.

The property will be sold as vacant possession The EOI process ending on July 7.