Two industrial properties at 3 Leng Kee Road and 19 Leng Kee Road have been set up for sale by expression of interest (EOI), together with direct prices of $15 million and $23 million respectively. Both buildings are collectively and exclusively marketed by Knight Frank Singapore and Yeo & Yeo Properties.
Having a balance leasehold of 33 years, the construction at 3 Leng Kee Road is a two-storey workshop/showroom cum office construction. It has a land area of about 16,217 sq feet, and floor area of 14,778 sq ft. Now under mild industrial usage, it has a car showroom and workshop around the floor level. The standalone, detached construction is presently tenanted from Stuttgart Auto.
At 19 Leng Kee Road, the house is a five-storey showroom cum factory construction, using a half-basement carpark.
According to this 2014 Master Plan, the website is zoned”industrial (B1)”, using an allowable gross plot ratio of 2.5. The spaces can be repurposed for various applications such as furniture/electronics display on the floor flat, self-storage, car accessory companies, and sometimes even e-commerce.
Redhill MRT Station and mature housing estates are inside a five-minute walk away for the two possessions, and no ground rent is payable for them.