Singapore, 21 March 2023 – EDMUND TIE, as the exclusive marketing agent, is putting up for sale a five-storey light industrial building located at 543 Yishun Industrial Park A. The sale will be by way of an expression of interest exercise; interested parties are invited to submit their interest by 20 April 2023 at 3pm.
543 Yishun Industrial Park A has a site area of 7,521.6 sq m (approximately 80,962 sq ft), with a balance lease term of around 31 years. The existing gross floor area (GFA) is 9,885.8 sq m (approximately 106,410 sq ft), spread across warehouse space on Levels 1 and 5, cleanrooms on Levels 1 and 3, and ancillary office space on all levels.
According to URA Master Plan 2019, it is zoned for ‘Business 1’ use with a plot ratio of 2.5. It will be sold with vacant possession.
The indicative guide price for 543 Yishun Industrial Park A is S$19.2 million.
Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at EDMUND TIE, says, “The pursuit of emerging technologies and the push for smart cities and digitalisation across the world have led to the growth of various high-tech sectors, which continues to underpin demand for light industrial space such as 543 Yishun Industrial Park A. Given its long remaining lease of 31 years, interested parties can also look into tapping into the unutilised GFA for expansion, which will almost double the current GFA to its maximum allowable of approximately 202,405 sq ft.”
She adds, “As the cleanroom facility in the building has been well maintained and is ready for use immediately upon takeover, we opine that it will appeal to businesses from industries in the likes of manufacturing, electronics, optics and precision engineering. Given its locational and property attributes, we also expect keen interest from companies looking to expand or establish their operations in Singapore.”
Located within an established industrial park area that is surrounded by housing estates, 543 Yishun Industrial Park A has prominent dual road frontages along Yishun Industrial Park A and Yishun Avenue 8. It is within a short drive to Canberra and Yishun MRT stations and enjoys convenient access to amenities at nearby markets, food centres and shopping malls. Access to other parts of Singapore can be via major arterial roads and expressways including Yishun Avenue 2, Seletar Expressway (SLE) and Tampines Expressway (TPE).
END
|
For further information contact: Swee Shou Fern (Ms) Executive Director Investment Advisory DID: +65 6393 2523 Email: shoufern.swee@etcsea.com |
Media please contact: Seah Li Ching (Ms) Corporate Communications DID: +65 6393 2369 Email: liching.seah@etcsea.com |