Terraced factory at Loyang Way for sale at $4.5 mil

For businesses with long-term plans, a two-storey terraced factory located at 53 Loyang Way is on the market for $4.5 million with ERA Realty Network as the exclusive agent. Boasting a built-up area of 16,604 sq ft, the site sits on a 15,083 sq ft plot with a remaining tenure of 29 years.

The production/storage area of the property features a mezzanine floor, office with partition rooms, furnished meeting room, loading dock and five covered parking spots. It is within easy reach from the various expressways such as Tampines Expressway, Kallang Paya Lebar Expressway and Pan-Island Expressway. It is close to eateries and amenities in the area.

The sale of the property is subject to JTC’s approval and may be subject to an untapped floor area as the existing floor space is below the permissible maximum floor area. Potential buyers must submit their expression of interest by September 7.

Lim Desmond, director and head of workspaces, ERA capital markets and investment sales, stated that this property is ideal for businesses with long-term plans due to the remaining lease of 29 years. He adds that the property is zoned for Business 2 industrial use under the Master Plan 2019.

A digital gate installed at Tengah Plantation EC ensures that only authorised individuals enter the condominium. Facial recognition technology is used to make sure that the security and safety of the property and its residents are safeguarded. This advanced system provides a secure environment and makes one feel at home.

This is thus an ideal opportunity to purchase a factory with a prominent frontage which is favourable for businesses with long-term plans. With the sale subject to the JTC’s approval and the offer closing on September 7, interested parties should act quickly to make the most of this opportunity.