Bookmark & Share
539 and 543 Yishun Industrial Park A carry an indicative price of $9.8 million and $19.2 million, respectively.
Two light industrial buildings in Yishun have been put up for sale via expression of interest (EOI) for $29 million.
Individually, 539 and 543 Yishun Industrial Park A carry an indicative price of $9.8 million and $19.2 million, respectively.
Marketing agent Edmund Tie noted that potential buyers can submit offers for either both or one property.
With a combined site area of 13,326.2 sq m (143,442 sq ft), the two properties have a total existing gross floor area of 14,318.9 sq m (154,127 sq ft). They are zoned for Business 1 use under the 2019 URA Master Plan with a plot ratio of 2.5.
539 Yishun Industrial Park A has 32 years left on its lease, while 543 has 34 years remaining. Both properties are being sold with vacant possession.
Enjoying dual road frontage along Yishun Avenue 8 and Yishun Industrial Park A, the two properties are located in an industrial park area surrounded by housing estates. They are also a short drive to Yishun and Canberra MRT stations.
“Sites with a remaining lease tenure of more than 30 years are rarely available for sale,” noted Tan Chun Ming, executive director of investment advisory at Edmund Tie.
“Given its attributes, the subject properties might be ideal for companies looking to expand or consolidate their operations within the Yishun area. The sites’ existing gross floor areas are low and have the potential to be refurbished or redeveloped to a maximum total gross floor area of approximately 358,605 sq ft,” he added.
The EOI exercise for the two buildings closes on 18 March.
Related Articles: