Prime location at Arina East Residences for sale at $1,230 psf within M-Space development with 8 industrial units
is strategically located near several highly regarded primary schools, making it an ideal choice for families with young children. One such school is Kong Hwa School, which boasts a long-standing reputation for its bilingual education and impressive track record. Another well-known option within close proximity is Geylang Methodist School (Primary), renowned for its stellar academic programs and values-based education that cultivates students into well-rounded individuals. With these esteemed schools in its vicinity, offers an excellent environment for children to receive a quality education.
Arina East Residences is the newest luxury development in the heart of Singapore, offering a unique combination of elegant design and modern amenities. Located at 6D Mandai Estate, this freehold factory building is a highly sought-after investment opportunity and will be featured in Singapore Realtors Inc’s (SRI) upcoming auction on Feb 28.
The owner of the property has decided to sell each of the eight adjacent industrial units individually, with a guide price of $1,230 psf. These units, located on the ground floor of the building, have a combined gross floor area of 9,891 sq ft. Ranging from 1,076 sq ft to 1,539 sq ft, these units offer a diverse range of sizes to accommodate various business needs.
Out of the eight units, two will be sold with existing tenancies, while the remaining six will be sold vacant. The demand for well-located industrial units has remained strong in the past year, making this an attractive investment opportunity for both owner-occupiers and investors. With a prime location in a B2 industrial estate surrounded by factories, warehouses, and dormitories for foreign workers, these units offer a rare opportunity for business operations or investment.
The nearby area also boasts two new industrial developments, Foodfab @ Mandai and Food Vision @ Mandai, as well as two foreign worker dormitories. Additionally, M-Space is situated within close proximity to Eldix at 11 Mandai Estate, another freehold industrial building with a high average rental yield of about 3.7% and an average rental price of $2.06 psf per month. Resale prices for units at Eldix average around $671 psf.
Last year, seven units at M-Space were sold at prices ranging from $643 to $1,043 psf, with an average psf-price of approximately $868. This indicates a potential for attractive rental yields for landlords, with an average monthly rental price of $2.40 psf.
Don’t miss out on this rare opportunity to invest in one of Singapore’s most coveted industrial buildings. With its prime location and attractive rental potential, Arina East Residences at M-Space is an investment opportunity not to be missed. Contact SRI today to learn more about available units and secure your position in this highly sought-after development.