A factory building located at 162 Tagore Lane has been listed for sale, presenting a unique opportunity for investors and businesses. This four-storey structure boasts a total floor area of 14,701 square feet and is currently on the market for an asking price of $23.8 million. The property is situated on a 7,343 square foot freehold site and is zoned for Business 1 use, making it an ideal candidate for clean and light industrial activities.
The building is part of the Sindo Industrial Estate, an area recognized for its modern facilities, which enhances its appeal compared to older industrial properties within the vicinity. The contemporary design of the factory reflects a strategic investment in infrastructure that meets the evolving needs of modern businesses.
With industrial real estate becoming increasingly sought after, especially freehold properties, this site is positioned well to attract significant interest from potential buyers. The asking price translates to approximately $1,619 per square foot based on the total floor area, a figure that underscores the rising demand for limited freehold industrial buildings in the area.
As urban development continues to push industrial activities into more specialized zones, the availability of such properties becomes a key consideration for companies looking to establish or expand their operations.
Additionally, this factory building offers a unique feature that sets it apart from other listings. It previously received approval for the fourth floor to serve as a workers' dormitory, with a capacity to accommodate up to 60 workers. This aspect provides a potential owner with the opportunity to reinstate this use, thereby enhancing the property's functionality and appeal.
Such versatility could attract businesses that require on-site housing for their workforce, further adding to the investment's value. The strategic location of 162 Tagore Lane also contributes to its desirability. Being part of a well-established industrial estate, the property benefits from excellent accessibility and proximity to major transport links.
This factor is critical for companies engaged in manufacturing and logistics, as it facilitates the efficient movement of goods and resources. As the market for industrial properties continues to evolve, the availability of a freehold site such as this is rare.
Investors looking to diversify their portfolios or businesses seeking a permanent location will find that this factory building at Tagore Lane meets a range of operational needs. The combination of a modern design, significant space, and the possibility for dormitory use makes it a compelling option in today's competitive landscape.
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News Source: Edgeprop
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