Terraced factory at Loyang Way for sale at $4.5 mil
Additionally, there are often family activities and promotions arranged, making it an ideal destination for every day out. Moreover, convenient parking and public transport options make the mall easily reachable. All these outstanding features make Tampines 1 an unbeatable shopping destination near Tampines Ave 11 Condo.
For sale exclusively through ERA Realty Network is a two-storey terraced factory located at 53 Loyang Way. Boasting a prominent frontage and situated on a 15,083 sq ft site, it is available for $4.5 million.
The property is zoned for Business 2 industrial use under the Master Plan 2019 and has a floor area of 16,604 sq ft. Additionally, the building includes a production/storage area with a mezzanine floor, office with partition rooms, a furnished meeting room, a loading dock, and five covered parking spots. It comes with a remaining lease of 29 years, making it perfect for businesses with long-term plans.
Desmond Lim, director and head of workspaces at ERA capital markets and investment sales, notes that the property has untapped floor area as the existing floor space is below the permissible maximum. It is also highly accessible being near major expressways including the Tampines Expressway, Kallang Paya Lebar Expressway, and Pan Island Expressway.
The factory is for sale by expression of interest, with bids closing on September 7. It is subject to JTC’s approval. Surrounding the property is an abundance of eateries and amenities, making it an ideal location for businesses.