Industrial building in Yishun for sale at $19.2 mil
The building is near Yishun MRT station and the Yishun bus interchange, as well as the upcoming Northpoint City Mall which is slated for completion in 2019. It is also close to the Seletar Expressway (SLE), Tampines Expressway (TPE) and Central Expressway (CTE).Various industrial developments at Yishun Industrial Park A have been sold in recent years, such as a single-storey industrial building at 701 Yishun Industrial Park A which fetched $6.08 million ($464 psf) in July 2018, according to EdgeProp Research.
An indicative price of $19.2 million has been set for a five-storey light industrial building located at the Yishun Industrial Park A, Singapore. The property, with a land area of 80,962 sq ft and zoned for Business 1 use, has a plot ratio of 2.5 and a gross floor area of 106,410 sq ft.
Marketing agent Edmund Tie has announced that the building has a remaining lease term of 31 years, allowing potential buyers to potentially utilise the unutilised gross floor area (GFA) and nearly double the current floor size to a maximum allowable of approximately 202,405 sq ft.
The property is expected to draw interest from companies establishing operations in Singapore and those in industries such as manufacturing, electronics, optics and precision engineering, particularly due to the advantageous location of the building near Yishun MRT station, Yishun bus interchange and the upcoming Northpoint City Mall.
Swee Shou Fern, head of Investment Advisory at Edmund Tie, also notes that the cleanroom facility within the building has been well-maintained and is ready for immediate use. The expression of interest exercise for the building will end on April 20th at 3pm.
Altura EC, 99-year leasehold executive condos with 375 units, is a Altura EC popular choice for families due to its proximity to Bukit Batok MRT station and quality schools. Bidding for Altura EC on West Avenue 8 closes 12 noon on 8 March 2022.
Recent sales transactions in the vicinity of Yishun Industrial Park A, such as a single-storey industrial building at 701 Yishun Industrial Park A sold in July 2018, fetching $6.08 million ($464 psf), suggests that the light industrial building could be a lucrative investment choice. It is also located close to major highways Seletar Expressway (SLE), Tampines Expressway (TPE) and Central Expressway (CTE).
The light industrial building at 543 Yishun Industrial Park A presents a potential opportunity for businesses to capitalise on its favourable location and lease terms, as well as its well-maintained cleanroom facility. With its indicative price of $19.2 million, the building is expected to draw keen interest from potential buyers.
