Business 1-zoned site up for grabs at 8 Chang Charn Road

The price is pegged at S$45million subject to negotiation.

Jones Lang LaSalle has been appointed as exclusive marketing agents for the sale of 8 and 10 Chang Charn Road. This offering represents an opportunity to acquire a quality 6-storey building with adjoining site with redevelopment potential which is zoned Business 1 and located in a Central Location.

Here's more from Jones Lang LaSalle:

The property at 8 Chang Charn Road has showroom, warehouse and conference room on the 1st storey and mezzanine; reception, offices, pantry, warehouse and bathroom on the 2nd to 5th storey; multiple purpose hall, offices and bathroom on the 6th storey and has a built up area of approximately 34,907sq ft and sits on a site of 12,519sqft.

The adjoining redevelopment site at 10 Chang Charn Road comprises a production area which is a single storey detached factory and 2 storey office block in front, comprising office and bathroom on the first storey and offi e on the second storey, with a plot ratio of 2.5. The site area for 10 Chang Charn Road is 8,762sqft and total built up area is 5,274sqft.

The tenure of the property is 99 year lease which has 45 years remaining and the site is located in the sought after Chang Charn Road (which currently comprises a number of car showrooms and repair workshops) near Leng Kee Road and Redhill MRT station and easily accessible via AYE Expressway. The property is currently corporate headquarters for the owners and is fully occupied.

Asking price for this property is S$45million subject to negotiation and further enquiries should be directed to marketing agent Mok Sze Sze at Jones Lang LaSalle.