Industrial site in Loyang for sale at $8.8 mil

By
/ EdgeProp Singapore
|
March 30, 2020 5:30 PM SGT
Property for sale (Credit: JLL)
Property for sale (Credit: JLL)
SINGAPORE (EDGEPROP) - An industrial site in Loyang Industrial Estate is up for sale at a guide price of $8.8 million.
The property — 32 Loyang Crescent — comprises a two-storey main building with a four-storey warehouse extension behind the building, and has 31 years left on its lease. Each of the four storeys in the warehouse have a 6m ceiling height.
Occupying a site of 45,439 sq ft, it has a total gross floor area (GFA) of about 36,902 sq ft. Under URA’s Master Plan 2019, it is zoned under ‘Business 2’ with a plot ratio of 2.5.
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The asset has two entrances and houses production spaces with cranes, warehousing and ancillary offices that are in operational status.
“There is still an untapped gross floor area of 76,697 sq ft for the property as it is only currently built up to a 0.81 plot ratio,” comments Nicholas Ng, senior director of capital markets at JLL.
“Located in close proximity to the Loyang offshore supply base and Changi Airport, this asset would be a good fit for logistics companies who wish to establish a base in Loyang, or any other businesses that require a Business 2 zoning to operate in,” he adds.
The site is accessible via Tampines Expressway and Pan-Island Expressway. The property enjoys a “good frontage” along Loyang Crescent, and is also close to eateries and amenities in the vicinity, says JLL.
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The Expression of Interest exercise for the site will close at 3pm on May 13.
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