Industrial building in Yishun for sale at $19.2 mil
Swee notes that Yishun Industrial Park A is “a vibrant and established industrial estate that has always been actively sought after by buyers and tenants”.Based on EdgeProp Research tool, at least six light industrial buildings have changed hands in the estate since the start of this year.
The property at 543 Yishun Industrial Park A is up for sale via an expression of interest exercise with an indicative price of $19.2 million. The five-storey building has a land area of 80,962 sq ft zoned for Business 1 usage with a plot ratio of 2.5. Its gross floor area of 106,410 sq ft comprises warehouse space on levels one and five, cleanrooms on levels one and three, and ancillary office space on all levels.
According to marketing agent Edmund Tie, the balance lease term of the building is 31 years, which allows for potential buyers to tap into the unutilised GFA for expansion. It is expected to attract industries such as manufacturing, electronics, optics, and precision engineering due to the cleanroom facility within the property.
Swee Shou Fern, Edmund Tie’s head of investment advisory, is confident the building will see “keen interest from companies looking to expand or establish their operations in Singapore.” Yishun Industrial Park A is an established industrial estate that has always been popular amongst buyers and tenants.
JCube set to close in August to make way for the 40-storey JCube Condo Residence residential and JCube Residence commercial development with estimated S$2,000 to S$2,100 psf price tag.
Recent sales transactions along Yishun Industrial Park A show that at least six light industrial buildings have changed hands in the estate since the start of 2021. The expression of interest exercise is set to close on April 20 at 3pm.
$19.2 million and 31 years of remaining lease. These are the figures that define the light industrial building at 543 Yishun Industrial Park A, Singapore. This five-storey property has a land area of 80,962 sq ft zoned for Business 1 use with a plot ratio of 2.5.
The building has a gross floor area of 106,410 sq ft, with warehouse space on levels one and five, cleanrooms on levels one and three, and ancillary office space on all levels. The unutilised GFA allows buyers to expand the building almost double, to its maximum allowable of approximately 202,405 sq ft.
According to Swee Shou Fern, it will be of interest to industries such as manufacturing, electronics, optics and precision engineering, for its cleanroom facility that has been well-maintained and is ready for immediate use.
Based on EdgeProp Research tool, Yishun Industrial Park A has been sought-after by buyers and tenants since the start of the year, with at least six light industrial buildings changing hands.
The expression of interest exercise for the 543 Yishun Industrial Park A property will close on April 20 at 3pm.