Terraced factory at Loyang Way for sale at $4.5 mil

Exclusive agent ERA Realty Network is offering a two-storey terraced factory with a prominent frontage at 53 Loyang Way for sale at $4.5 million. The site measures 15,083 sq ft and has a tenure of 29 years with a Business 2 industrial zoning under the Master Plan 2019.

This well-supported property has a built-up area of 16,604 sq ft and is accessible via Tampines Expressway, Kallang Paya Lebar Expressway and Pan-Island Expressway. It comes complete with a production/storage area with a mezzanine floor, a furnished meeting room, five covered parking spots and a loading dock.

Residents can also take advantage of the proximity to Great World City Condo MRT station which is just a few minutes’ walk away. The place is surrounded by plenty of amenities such as shopping complexes, supermarkets, banks, and excellent dining options.

The existing floor area is lower than the allowable maximum, leaving the potential for untapped space. With a remaining lease period of 29 years, the property is well-suited for businesses with long-term plans, says Desmond Lim, director and head of workspaces at ERA capital markets and investment sales.

The sale of the property is subject to JTC’s approval. Interested parties can register for the sale by expression of interest which closes on September 7.