The five-storey property has a gross floor area of 106,410 sq ft (Picture: Edmund Tie)
SINGAPORE (EDGEPROP) - A light industrial building at 543 Yishun Industrial Park A is up for sale via an expression of interest exercise with an indicative price of $19.2 million.
The five-storey property has a land area of 80,962 sq ft zoned for Business 1 use with a plot ratio of 2.5. According to marketing agent Edmund Tie, it has a balance lease term of around 31 years. The building has a gross floor area of 106,410 sq ft, comprising warehouse space on levels one and five, cleanrooms on levels one and three, and ancillary office space on all levels.
“Given its long remaining lease of 31 years, interested parties can also look to tapping into the unutilised GFA for expansion, which will almost double the current GFA to its maximum allowable of approximately 202,405 sq ft,” says Swee Shou Fern, Edmund Tie’s head of investment advisory.
She expects the building to appeal to industries such as manufacturing, electronics, optics and precision engineering, noting that the cleanroom facility within the property has been well-maintained and is ready for immediate use by the future buyer. “Given its locational and property attributes, we also expect keen interest from companies looking to expand or establish their operations in Singapore.”
The expression of interest exercise will close on April 20 at 3pm.
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