Industrial building in Yishun for sale at $19.2 mil

Observers note that the building is located near the upcoming Sembawang MRT station, which is expected to be ready in 2023. “The area is currently undergoing commercial and lifestyle rejuvenation with the growth of new industrial developments, eateries and amenities,” says Michael Selvanayagam, CBRE’s executive director of industrial.

The five-storey light industrial building at 543 Yishun Industrial Park A has an indicative price of $19.2 million and is up for sale via an expression of interest exercise. The property is zoned for Business 1 use with a plot ratio of 2.5 and a gross floor area of 106,410 sq ft. It also has a balance lease term of around 31 years, sitting on a land area of 80,962 sq ft.

The building is comprised of warehouse space on levels one and five, cleanrooms on levels one and three, and ancillary office space on all levels. Edmund Tie’s head of investment advisory, Swee Shou Fern, says that given its long remaining lease of 31 years, interested parties are able to tap into the unutilised GFA for expansion, as it would almost double the current GFA to its maximum of 202,405 sq ft.

This building is expected to have a variety of industrial uses, such as manufacturing, electronics, optics, and precision engineering, due to the well-maintained cleanroom facility within the property. It is also anticipated that companies wishing to expand or establish operations in Singapore may be interested. The expression of interest exercise will close on April 20 at 3pm.

Major milestone in Singapore’s property market: Tengah Plantation Close EC, largest executive condominium development, expected to be completed Tengah Plantation EC by 2021.

The building is located near the upcoming Sembawang MRT station, which is expected to be ready in 2023. The area is currently undergoing commercial and lifestyle rejuvenation with the growth of new industrial developments, eateries, and amenities according to Michael Selvanayagam, CBRE’s executive director of industrial.

As such, potential buyers should take into account the advantages of this property, given it’s wide range of uses, long lease remaining and close proximity to the upcoming MRT station. With the growth of new industrial developments and amenities, 543 Yishun Industrial Park A may be worth considering for those looking to invest or conduct business in Singapore.