Rare Freehold B1 Industrial Property with Office Space for Sale at Tagore 8
S$2,350,000 | 3,401 Sq Ft | Approximately S$690.97 PSF
A rare opportunity is available to acquire a freehold B1 industrial property with office space at Tagore 8, located along Tagore Industrial Avenue, Singapore. The property is offered at S$2.35 million, with an approximate floor area of 3,401 sq ft and an indicative price of S$690.97 per sq ft.
This property presents an attractive proposition for investors and business owners looking for a freehold industrial asset in an established industrial location. With B1 industrial zoning, convenient ramp-up access, an existing long-term tenancy and future connectivity improvements in the surrounding area, the property offers a combination of investment and operational advantages.
The property is currently tenanted until October 2028, providing an established tenancy for buyers who are considering the acquisition primarily as an investment. At the same time, the property may also appeal to owner-occupiers looking for a long-term freehold industrial asset, subject to the existing tenancy arrangements and applicable regulations.
Property Highlights
The key highlights of this property include:
Freehold B1 industrial property
Approximately 3,401 sq ft
Asking price of S$2,350,000
Indicative price of approximately S$690.97 per sq ft
Located at Tagore Industrial Avenue
Second-level industrial unit
Immediate ramp-up access
Container park located directly outside
Existing long-term tenancy until October 2028
Suitable for investors and owner-occupiers
Approximately three to five minutes to the upcoming North-South Corridor
Approximately 15 minutes to Bugis
Negotiable asking price
Exclusive viewing available by appointment
Rare Freehold Industrial Ownership Opportunity
Freehold industrial properties are relatively limited, making this property particularly noteworthy for buyers seeking long-term ownership.
Unlike leasehold industrial properties, a freehold property does not have a fixed lease expiry date. This can provide owners with greater long-term ownership security and potentially greater flexibility when considering future investment, business operations, leasing or asset planning.
For investors, freehold tenure can form an important part of a long-term property portfolio. For business owners, owning a freehold industrial premises may provide greater control over the property compared with operating from a leased unit.
The freehold status is therefore one of the property’s most significant characteristics and may be particularly appealing to buyers who prioritize long-term property ownership.
B1 Industrial Zoning
The property is positioned as a B1 industrial property.
B1 industrial properties generally cater to qualifying light industrial activities, businesses and other approved uses, subject to planning requirements and applicable regulations.
The B1 classification can provide flexibility for businesses that need industrial premises with supporting office functions. However, prospective purchasers should independently verify the property’s approved use and confirm that their intended business activity is permitted before committing to the purchase.
For businesses requiring a combination of operational space and office facilities, the property may provide a practical environment for managing day-to-day business activities from a single location.
Strategic Location at Tagore Industrial Avenue
The property is situated along Tagore Industrial Avenue, within an established industrial area in Singapore.
Location is an important consideration for industrial property because accessibility can have a direct impact on logistics, employee convenience, supplier access, customer visits and overall business operations.
Being located within an established industrial cluster allows businesses to operate within a commercial environment surrounded by other industrial and business activities.
The location also provides access to major road networks serving the northern and central parts of Singapore.
For investors, an established industrial location can be an important consideration when evaluating the potential future demand for industrial premises.
Immediate Ramp-Up Access
One of the property’s practical advantages is its second-level location with immediate ramp-up access.
Ramp-up access can be particularly useful for businesses that need convenient vehicle access to their industrial premises.
Businesses involved in the movement of goods, equipment, materials, machinery or other commercial items may benefit from easier loading and unloading arrangements.
The availability of direct ramp-up access can also reduce the inconvenience associated with transporting goods between different levels of a building.
For operational businesses, this practical accessibility can be an important factor when choosing an industrial premises.
Container Park Located Just Outside
Another notable feature is the presence of a container park located just outside the property.
The nearby container facility can provide additional logistical convenience for businesses whose operations involve goods movement, storage, distribution or transportation.
While the suitability of the facility will depend on the specific business requirements of each occupier, having logistics-related infrastructure close to the premises can be advantageous for certain industrial operations.
Prospective buyers should assess the actual accessibility, operating arrangements and permitted activities associated with the surrounding facilities as part of their due diligence.
Existing Tenancy Until October 2028
The property is currently occupied by a long-term tenant with the tenancy stated to run until October 2028.
For investors, an existing tenancy can provide an immediate rental arrangement rather than requiring the buyer to search for a tenant immediately after acquiring the property.
This may offer greater visibility over the property’s rental income during the remaining tenancy period.
The existing lease also means that prospective owner-occupiers should carefully review the tenancy agreement before purchasing, particularly if they intend to occupy the property themselves.
Important considerations include the rental amount, lease expiry date, renewal options, security deposit, permitted use, maintenance obligations, termination clauses and any other contractual provisions.
The actual investment return should be assessed using the verified rental income and all relevant property expenses.
Attractive Investment Proposition
The property may appeal to investors seeking an industrial property with several long-term characteristics.
The combination of freehold tenure, B1 industrial zoning, an established industrial location, ramp-up access and an existing tenant creates a potentially attractive investment profile.
An investor may acquire the property as part of a broader commercial or industrial property portfolio, subject to individual investment objectives and financial circumstances.
The remaining tenancy until October 2028 can potentially provide rental income during the tenancy period. However, investors should not rely solely on the advertised description when assessing yield.
A full investment analysis should take into account the actual rental income, purchase price, property taxes, maintenance fees, insurance, financing costs, legal costs, stamp duties, vacancy risk and future capital expenditure.
Potential Owner-Occupier Opportunity
The property is also marketed as suitable for owner-occupiers.
For a business owner, acquiring a freehold industrial property can provide long-term control over the premises and reduce reliance on future lease renewals.
Depending on the approved use, a business may be able to operate its industrial activities and office functions from the same premises.
The freehold tenure may also allow a business owner to retain the property as a long-term corporate asset.
However, because the property currently has a tenancy until October 2028, owner-occupiers must consider the existing lease arrangements before planning to move into the premises.
Any proposed business use should also be checked against the approved zoning and applicable regulations.
Connectivity to the North-South Corridor
The property is advertised as being approximately three to five minutes from the upcoming North-South Corridor.
The North-South Corridor is a major transport infrastructure project intended to improve connectivity between the northern and central parts of Singapore.
Improved transportation infrastructure can potentially benefit industrial and commercial properties by improving access for employees, suppliers, logistics providers and customers.
The property’s proximity to the future corridor may therefore be an additional consideration for buyers evaluating its long-term location advantages.
However, actual travel times and accessibility should be verified independently, particularly as road conditions and infrastructure arrangements may change over time.
Accessibility to Bugis
The property is also advertised as approximately 15 minutes from Bugis.
Bugis is a major commercial, retail and lifestyle district in central Singapore.
Convenient access between the Tagore industrial area and central Singapore can be beneficial for businesses whose operations involve regular movement between industrial premises and central commercial areas.
Travel time will naturally vary depending on traffic, time of day and road conditions.
Property Size and Price
The property has an advertised floor area of approximately 3,401 sq ft.
The asking price is S$2,350,000.
Based on the advertised size, the indicative asking price works out to approximately S$690.97 per sq ft.
The seller has indicated that the price is negotiable.
Potential purchasers should evaluate the asking price against comparable transactions and listings involving similar freehold B1 industrial properties in the surrounding area.
A professional valuation may also be considered before making a purchase decision.
Property Details at a Glance
Property Type: Freehold B1 Industrial Property with Office Space
Property Name/Location: Tagore 8
Address Area: Tagore Industrial Avenue, Singapore
Tenure: Freehold
Floor Area: Approximately 3,401 sq ft
Level: Second Level
Asking Price: S$2,350,000
Indicative Price: Approximately S$690.97 PSF
Price Status: Negotiable
Access: Immediate Ramp-Up Access
Nearby Facility: Container Park
Current Status: Tenanted
Tenancy Expiry: October 2028
Potential Buyer Profile: Investors and Owner-Occupiers
Connectivity: Approximately 3–5 minutes to the upcoming North-South Corridor
Central Singapore Connectivity: Approximately 15 minutes to Bugis
Benefits for Investors
There are several reasons why the property may attract industrial property investors.
Freehold Tenure
The freehold status provides long-term ownership without a stated lease expiry.
Existing Tenancy
The property is currently tenanted until October 2028, potentially providing rental income during the remaining lease period.
Industrial Location
Tagore Industrial Avenue is located within an established industrial environment.
B1 Zoning
The B1 classification can support qualifying light industrial uses, subject to regulatory approval.
Ramp-Up Access
Immediate ramp-up access provides operational convenience for businesses requiring vehicle access.
Long-Term Potential
The property’s freehold tenure and location may make it suitable for buyers pursuing a longer-term commercial property strategy.
Benefits for Business Owners
For owner-occupiers, the property can potentially provide several operational benefits.
Businesses can potentially gain greater control over their premises compared with leasing.
The ramp-up design can facilitate movement of goods and equipment.
The industrial environment can provide convenient access to suppliers, logistics providers and other businesses.
The presence of office space can allow administrative and operational functions to be managed from the same property.
The freehold tenure also provides a long-term real estate asset that may remain within the business or investment portfolio.
The existing tenancy must, however, be considered carefully before an owner-occupier purchase is completed.
Operational Considerations
Industrial properties are different from conventional commercial offices or retail properties, and buyers should consider their specific operational requirements.
Businesses should evaluate loading and unloading arrangements, vehicle access, floor loading capacity, ceiling height, power supply, fire safety requirements, access hours, building management rules and other operational specifications.
The suitability of the property will depend on the nature of the buyer’s business.
Potential purchasers should conduct a physical inspection and verify all technical specifications before making an offer.
Tenancy Considerations for Investors
Investors should request and carefully review the existing tenancy agreement.
The agreement should be examined to establish the exact rental amount, lease duration, rental escalation clauses, renewal provisions, security deposit, maintenance responsibilities and permitted activities.
The buyer should also determine whether there are any outstanding disputes, arrears, obligations or special conditions attached to the tenancy.
The tenancy expiry date of October 2028 is based on the advertised information and should be confirmed directly with the seller or appointed representatives.
Tenancy Considerations for Owner-Occupiers
Owner-occupiers should pay particular attention to the current tenancy.
Because the property is occupied until October 2028, the buyer may not be able to immediately use the premises for its own business operations unless the tenancy arrangements permit it.
Potential owner-occupiers should therefore establish whether vacant possession is available at completion, whether the existing tenancy must be honored, and whether there are any legally binding arrangements affecting future occupation.
Professional legal advice should be obtained where necessary.
Due Diligence Before Purchase
Before proceeding with the acquisition, buyers should conduct comprehensive due diligence.
The property title should be verified to confirm the freehold tenure.
The floor area should be independently confirmed.
The property’s B1 zoning and approved use should be verified.
The existing tenancy agreement should be reviewed in full.
The buyer should confirm the rental income and payment history.
Any maintenance fees, property taxes and other recurring expenses should be established.
The buyer should also verify any restrictions, encumbrances, building regulations or other conditions affecting the property.
Where financing is required, buyers should obtain confirmation from their financial institution regarding loan eligibility and financing terms.
Financial Considerations
The advertised purchase price is S$2.35 million.
Buyers should remember that the acquisition cost of a property is not limited to the headline purchase price.
Additional expenses may include buyer’s stamp duty, legal fees, financing costs, valuation fees, property taxes, maintenance charges, insurance and other transaction-related expenses.
Investors should calculate the net rental yield rather than relying solely on the gross rental income.
A proper financial assessment should also consider future vacancy risk and potential changes in rental rates after the existing tenancy expires.
Market Positioning
Freehold industrial properties can attract buyers who prioritize long-term ownership and scarcity value.
The combination of freehold tenure and B1 industrial zoning may provide a differentiated proposition compared with conventional leasehold industrial units.
The property’s existing tenancy can further appeal to investors who prefer an income-producing asset rather than a vacant property requiring immediate tenant acquisition.
At the same time, the property’s ramp-up access and industrial location can make it relevant to businesses that prioritize operational functionality.
Potential Long-Term Strategy
For a long-term investor, the property could potentially be held through the existing tenancy and reassessed closer to the October 2028 lease expiry.
Depending on market conditions at that time, the owner may consider continuing to lease the property, securing a new tenant, renegotiating the tenancy or exploring owner-occupation.
The freehold tenure provides greater flexibility for long-term planning because the property does not have a conventional lease expiry date.
However, future rental demand, industrial regulations, economic conditions and property market performance cannot be guaranteed.
Why Tagore Industrial Avenue May Appeal to Businesses
Industrial businesses often require more than simply floor space.
They require accessibility, logistics convenience, suitable zoning, practical loading arrangements and proximity to supporting infrastructure.
The property addresses several of these considerations through its B1 classification, ramp-up access, industrial location and nearby container park.
The surrounding industrial environment can also provide businesses with access to a network of suppliers, service providers and other commercial operators.
Ideal Buyer Profile
This property may be particularly suitable for:
Industrial property investors seeking freehold tenure.
Investors looking for an existing tenancy.
Business owners seeking long-term industrial premises.
Companies requiring ramp-up vehicle access.
Businesses that require a combination of industrial and office space.
Buyers seeking an industrial property in an established location.
Investors with a long-term commercial property strategy.
Owner-occupiers planning for long-term business premises, subject to the existing tenancy.
Reasons to Consider the Property
The property offers a combination of features that may be difficult to find in a single industrial asset.
Its freehold tenure provides long-term ownership security.
Its B1 zoning offers potential flexibility for qualifying industrial activities.
Its second-level location includes immediate ramp-up access.
A container park is located just outside the property.
The property has an existing long-term tenant until October 2028.
The location provides connectivity to the wider Singapore road network.
The property is advertised as being approximately three to five minutes from the upcoming North-South Corridor.
Bugis is stated to be approximately 15 minutes away.
The asking price of S$2.35 million is negotiable.
Important Information for Prospective Buyers
All information regarding price, floor area, tenancy, location, accessibility, zoning and other property characteristics should be independently verified before making a purchase decision.
Property availability and pricing may change without prior notice.
The advertised price of S$2,350,000 and approximate size of 3,401 sq ft are based on the listing information provided.
The stated S$690.97 per sq ft is an indicative calculation based on the advertised price and floor area.
Any investment projections, potential rental returns or future appreciation should not be interpreted as guaranteed outcomes.
Prospective buyers should obtain professional legal, financial and property advice where appropriate.
Viewing Arrangement
Interested buyers are invited to arrange an exclusive viewing of the property.
A physical viewing provides an opportunity to assess the actual condition, layout, access arrangements, surrounding environment and suitability for the buyer’s intended purpose.
Prospective investors may also use the viewing to evaluate the property’s condition and identify any potential maintenance or renovation requirements.
Business owners can assess vehicle access, loading arrangements, office space and other operational considerations during the viewing.
Contact the Property Representatives
For further details, tenancy information or to arrange an exclusive viewing, interested parties may contact the representatives below.
Aries Ang
Phone: 8829 9649
Celine Lee
Phone: 9168 9058
Prospective buyers are encouraged to contact the representatives directly for the latest availability, viewing arrangements, tenancy details and purchase information.
Frequently Asked Questions
What is the asking price?
The asking price is S$2,350,000. The price is stated as negotiable.
What is the size of the property?
The advertised floor area is approximately 3,401 sq ft.
What is the indicative price per square foot?
The indicative price is approximately S$690.97 per sq ft.
Is the property freehold?
Yes. The property is advertised as a freehold B1 industrial property.
What is the property’s zoning?
The property is advertised as B1 industrial.
Is the property currently tenanted?
Yes. The property has an existing long-term tenant.
When does the current tenancy end?
The advertised tenancy runs until October 2028. Buyers should verify the exact lease terms and expiry date with the seller or appointed representatives.
Does the property have ramp-up access?
Yes. The property is located on the second level and is advertised as having immediate ramp-up access.
Is there a container facility nearby?
Yes. A container park is stated to be located just outside the property.
Is the property suitable for investors?
The property is marketed as suitable for investors, particularly due to its freehold tenure and existing tenancy.
Is the property suitable for owner-occupiers?
Yes, it is marketed as suitable for owner-occupiers. However, the existing tenancy until October 2028 should be carefully considered by any buyer intending to occupy the premises.
How far is the property from the North-South Corridor?
The property is advertised as approximately three to five minutes from the upcoming North-South Corridor.
How far is the property from Bugis?
The advertised travel time to Bugis is approximately 15 minutes, subject to traffic and road conditions.
Is the asking price negotiable?
Yes. The asking price of S$2.35 million is stated as negotiable.
How can I arrange a viewing?
Interested parties can contact Aries Ang at 8829 9649 or Celine Lee at 9168 9058 to arrange an exclusive viewing.
Final Overview
The Rare Freehold B1 Industrial Property with Office Space for Sale at Tagore 8 represents an opportunity to acquire a freehold industrial asset in an established Singapore industrial location.
Priced at S$2.35 million for approximately 3,401 sq ft, the property has an indicative asking price of approximately S$690.97 per sq ft. Its freehold tenure, B1 industrial zoning, second-level position, immediate ramp-up access, nearby container park and existing tenancy until October 2028 make it a property that may appeal to both investors and business owners.
For investors, the existing tenancy offers an established rental arrangement while the freehold tenure provides a long-term ownership proposition.
For owner-occupiers, the industrial premises may offer an opportunity to secure a long-term business asset with practical vehicle access and office functionality, although the existing tenancy must be taken into account.
The property’s position along Tagore Industrial Avenue, combined with advertised connectivity of approximately three to five minutes to the upcoming North-South Corridor and approximately 15 minutes to Bugis, adds to its accessibility profile.
At S$2.35 million, with the asking price negotiable, the property may be worthy of consideration by qualified buyers looking for a freehold B1 industrial property with an existing tenancy.
Interested parties should conduct full legal, financial, technical and regulatory due diligence before proceeding with any transaction. All property details, tenancy information, floor area, pricing, zoning, approved use and accessibility should be independently verified with the appointed property representatives and relevant authorities.
For an exclusive viewing or additional information, contact Aries Ang at 8829 9649 or Celine Lee at 9168 9058.