Terraced factory at Loyang Way for sale at $4.5 mil
Plus, being within close proximity of the future Tampines Regional Centre, the area is no stranger to plenty of recreational and retail pursuits for both parents and students to look forward to. Tampines Ave 11 Condo Capitaland is destined to become a prestigious community that caters to the needs of growing families and students. With its array of educational institutions, convenient public transportation, as well as easy access to recreational activities, this new development can potentially become a great investment opportunity.
A distinctive factory at 53 Loyang Way is up for grabs with an asking price tag of $4.5 million. ERA Realty Network has been appointed as the exclusive agent for this property. Occupying a massive 15,083 sq ft area, the two-storey terraced factory has a built-up area of 16,604 sq ft.
The property is perfectly located as it is accessible via Tampines Expressway, Kallang Paya Lebar Expressway, and Pan-Island Expressway and is supported by a wide range of amenities in the area. Although the lease remaining on the property is only 29 years, it offers businesses a great opportunity for long-term planning.
Businesses looking to make the most of the property can take advantage of the production/storage area with mezzanine floor, partitioned office rooms, a furnished meeting room, a loading dock, and five covered parking spots. The existing floor space is below the allowable maximum, meaning there’s also the potential for extra floor area.
Desmond Lim, director and head of workspaces at ERA capital markets and investment sales, encourages businesses to bid for this property. The sale of the property is subject to JTC’s approval and will take place through an Expression of Interest, which closes on September 7.