SINGAPORE, 11 February 2020 – EDMUND TIE, the sole marketing agent for the sale of 539 and 543 Yishun Industrial Park A, is pleased to offer the two adjoining light industrial buildings for sale via an expression of interest (EOI) exercise.
539 and 543 Yishun Industrial Park A have a combined site area of 13,326.2 sq m (approximately 143,442 sq ft) and a total existing gross floor area of 14,318.9 sq m (approximately 154,127 sq ft). The two properties have a balance lease term of around 32 years and 34 years respectively. According to URA Master Plan 2019, they are zoned for ‘Business 1’ use with a plot ratio of 2.5. Both properties will be sold with vacant possession.
Situated within an established industrial park area that is surrounded by housing estates, the properties have prominent dual road frontage along Yishun Industrial Park A and Yishun Avenue 8. They are within a short drive to Canberra and Yishun MRT stations and have convenient access to amenities and services at nearby markets, food centres and shopping malls. Major roads and expressways, including Yishun Avenue 2, Seletar Expressway (SLE) and Tampines Expressway (TPE), provide connectivity to other parts of Singapore.
Executive director of investment advisory, Tan Chun Ming, commented, “Sites with a remaining lease tenure of more than 30 years are rarely available for sale. 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.”
The indicative guide prices for No. 539 and No. 543 are $9.8 million and $19.2 million respectively. Parties are welcome to submit offers for either one or both properties.
The EOI exercise for the two properties will close on Wednesday, 18 March 2020 at 3pm.
ENDS
For further information, please contact:
Wong Wei Chen
Senior Manager, Corporate Communications
O: +65 6393 2369
M: +65 9220 3780
Email: weichen.wong@etcsea.com
Amanda Teng
Executive, Corporate Communications
O: +65 6393 2510
Email: amanda.teng@etcsea.com
About EDMUND TIE
Edmund Tie is a full-service, real estate consulting firm with more than 400 skilled professionals in the region. It is headquartered in Singapore and supported by offices in Kuala Lumpur, Malaysia, and Bangkok, Thailand. We offer a comprehensive suite of agency and professional services including investment advisory, business space and retail, residential agency, auction and sales, valuation advisory, statutory valuation and property tax advisory, research and consulting, property management, and hospitality management. For more information, please visit www.etcsea.com.