DTZ holds expressions-of-interest exercise for industrial property at Toa Payoh

Real estate agency DTZ is inviting interested parties to participate in an expressions-of-interest exercise for an industrial property located at 745 Lorong 5 Toa Payoh.

The four-storey light industry building has a 60-year tenure commencing January 19, 1970.

It sits on a land area of 44,906 square feet, and has a gross floor area of 83,342 square feet.

This site is zoned “Business 1” at plot ratio 2.5, translating into an allowable gross floor area of about 112,265 sq ft (10,429.75 sq m).

The indicative price for the property is between S$23 and S$25 million.

The closing date for this exercise is on Tuesday, September 18, 2012.

Source : Channel NewsAsia – 7 Jul 2012

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