A logistics building on Jalan Ahmad Ibrahim is for sale for $50 million

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Altura sales gallery

A two-storey integrated logistics facility located at the 301 Jalan Ahmad Ibrahim, located just off Tuas Road, is up to sale by private treaty, as per the marketing agent CBRE. The property is listed as “approximately 50 million dollars” according to the firm.

Altura sales gallery is a rare chance for investors and homeowners to acquire an affordable property in Singapore’s district 23.

The site is located on land in the range of 3.7 square miles (403,401 sq feet) is zoned to Business 2 or heavy industrial use, with a plot size of 1.4. The land is leased with a lease through 2041. The two-story warehouse located on the site currently has a gross floor space of approximately 459,278 square feet that includes warehouse space that covers 430,000 sq ft as well as 26,000 square feet of ancillary office space.

Based on the plot ratio approved that is 1.4, CBRE adds that the site can be built-up to an space of 564,761 square feet. This is an additional 105,483 square feet of plot ratio untapped.

The warehouse currently in use has an impressive ceiling height of 8m for each floor as well as 15 dock levellers to assist in efficient taking 40-foot container loads. There are 42 parking spaces for containers and a cargo lift of six tonnes as well as two 3-tonne hoists for goods.

“301 Jalan Ahmad Ibrahim is specifically designed to handle heavy volume of cargo and provides an easy connection to major expressways which makes it a good choice for both export and import activities, particularly due to its proximity to Tuas Mega Port and Tuas Checkpoint,” says Graeme Bolin CBRE’s director of leasing and occupier services logistics, industrial and logistic services.

The property has two entrances, through Jalan Ahmad Ibrahim and Tuas Avenue 1 which provides an easy connection with both the Ayer Rajah Expressway and the Pan Island Expressway.