RARE INDUSTRIAL SITE WITH PROMINENT FRONTAGE AT LOYANG FOR SALE BY EXPRESSION OF INTEREST
SINGAPORE, 8 August 2023 – ERA Realty Network (“ERA”) has been exclusively appointed to launch for sale, via Expression of Interest, a rare opportunity for a terrace factory with prominent frontage located at 53 Loyang Way, at a guide price of SGD4.5 million.
The site area is 1,401.30 sq m (15,083 sq ft, approximately) with a remaining tenure of about 29 years, and under the Master Plan 2019, it is zoned under Business 2 at Plot Ratio 2.5. The factory has a built-up area of 1,542.52 sq m (16,604 sq ft, approximately).
53 Loyang Way is a two-storey terrace factory comprising a production/storage area with mezzanine floor, office with partition rooms, meeting room furnishings, a loading dock and 5 parking lots with awning cover.
The industrial property is accessible via Tampines Expressway (TPE), Kallang Paya Lebar Expressway (KPE) and Pan-Island Expressway (PIE). It is also well-supported by eateries and amenities in the area.
Desmond Lim, Director and Head of Workspace from ERA’s Capital Markets and Investment Sales commented that the remaining tenure is ideal for businesses with long-term plans and there is untapped floor area as the existing floor area is below the permissible maximum floor area.
The sale of this property is subject to JTC’s sale of approval.
ERA is the exclusive marketing agent for the EOI exercise, closing on Thursday, 7 September 2023, 3pm.