Terraced factory at Loyang Way for sale at $4.5 mil
By Cecilia Chow
/ EdgeProp Singapore |
The two-storey terraced factory has a built-up area of 16,604 sq ft at Loyang Way (Photo: ERA Realty Network)
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A terraced factory with a prominent frontage at 53 Loyang Way is on the market for $4.5 million with ERA Realty Network as the exclusive agent.
The property sits on a 15,083 sq ft site with a remaining tenure of 29 years. The site is zoned for Business 2 industrial use under the Master Plan 2019.
The two-storey terraced factory has a built-up area of 16,604 sq ft and comes with a production/storage area with a mezzanine floor, office with partition rooms, a furnished meeting room, a loading dock and five covered parking spots.
The property is accessible via Tampines Expressway, Kallang Paya Lebar Expressway and Pan-Island Expressway. It is also well-supported by eateries and amenities in the area.
The sale of the property is subject to JTC’s approval. As the property has a remaining lease of 29 years, it’s ideal for businesses with long-term plans, says Desmond Lim, director and head of workspaces, ERA capital markets and investment sales. He adds that there is also untapped floor area as the existing floor space is below the permissible maximum floor area.
The factory is for sale by expression of interest which closes on September 7.
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