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An industrial site at 32 Loyang Crescent is up for sale via expression of interest (EOI), with the owners seeking offers of about $8.8 million, revealed its exclusive marketing agent JLL.
Situated within the Loyang Industrial Estate, the property comprises a two-storey main building and a four-storey extension annexed behind.
It has a gross floor area (GFA) of about 36,902 sq ft and occupies a 45,439 sq ft site that is zoned for Business 2 use under the 2019 Master Plan. With a plot ratio of 2.5, the site has a remaining leasehold tenure of around 31 years.
The property also features two entrances and production spaces with warehousing, cranes and ancillary offices that are in operational status.
Aside from enjoying a good frontage along Loyang Crescent, the property is accessible via Tampines Expressway and Pan-Island Expressway. It is also well supported by amenities and eateries within the vicinity.
“The long lease of this site, coupled with a ready to move in facility will be attractive for end users who are looking for a place for their operation and future expansion,” said JLL Senior Director of Capital Markets Nicholas Ng.
He noted that the property still has “an untapped gross floor area of 76,697 sq ft” since it is only built up to a 0.81 plot ratio.
“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 added.
The EOI exercise for the property closes on 13 May.