Industrial building at 42 Alexandra Terrace put up for sale

A freehold industrial building at 42 Alexandra Terrace has been put up for sale at an indicative guide price of S$21.8 million or about S$715 per square foot.

The six-storey building is located next to the recently completed Mapletree Business City and sits on a land area of around 13,600 square feet.

It has a Gross Floor Area of approximately 30,470 square feet.

The property is situated in the business park and high tech belt along Pasir Panjang Road.

Prominent landmarks in the vicinity include Alexandra Technopark and Comtech.

Dominic Peters, Industrial director at Savills Singapore, which is handling the sale, said: “The existing building could be easily outfitted to house a corporation’s backroom operations.

“In fact, this whole area is being transformed from a just pure industrial to a more office like locale, with the completion of Mapletree Business City, which will naturally command higher rentals compared to pure industrial use.”

The tender for 42 Alexandra Terrace will close on July 28.

Source : Channel NewsAsia – 27 Jun 2011

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