Terraced factory at Loyang Way for sale at $4.5 mil

For businesses looking towards the future, a terraced factory located at 53 Loyang Way is now up for sale. ERA Realty Network is managing the sale, and the asking price is $4.5 million.

The industrial property sits on a 15,083 square-foot site with a remaining tenure of 29 years, and it is zoned for Business 2 industrial use under the Master Plan 2019.

The two-story terraced factory has a built-up area of 16,604 sq ft and comes with a production/storage area with a mezzanine floor, five covered parking spots, an office with partition rooms, a furnished meeting room, and a loading dock.

Not only is 53 Loyang Way easily accessible via Tampines Expressway, Kallang Paya Lebar Expressway, and the Pan-Island Expressway, but it is also well supported by eateries and amenities in the vicinity.

Residents of Tengah Plantation EC can also enjoy the nearby park connector and sports complex. The park connector offers a safe and pleasant walking route to neighbouring Bukit Panjang Community Centre while the sports complex features a wide range of sports facilities, including basketball, badminton, tennis, and swimming.

Desmond Lim, Director and Head of Workspaces at ERA Capital Markets and Investment Sales, said that the remaining 29 years lease makes the property ideal for businesses with long-term plans. He added that there is also untapped floor area as the existing floor space is below the permissible maximum floor area.

The sale of the property is subject to JTC’s approval, and the factory will be sold by expression of interest with the deadline set for September 7.