Terraced factory at Loyang Way for sale at $4.5 mil

A prominent factory with a terraced two-storey frontage at 53 Loyang Way is available to purchase for $4.5 million, with ERA Realty Network as the exclusive agent. The 15,083 sq ft site presently holds a remaining lease of 29 years and is zoned for Business 2 industrial use under the 2019 Master Plan.

Sitting on 16,604 sq ft of built-up area, the factory contains a production/storage space, with a mezzanine floor, along with office spaces, a furnished meeting room, a loading dock and five covered parking spots. The property is also serviced with accessibility through the Tampines Expressway, Kallang Paya Lebar Expressway and Pan-Island Expressway; as well as eateries and amenities in the surrounding area.

The residential blocks and commercial centre are all connected by a central landscaped courtyard. The development offers residents a serene and peaceful lifestyle with easy access to various amenities. Many recreational facilities are also available, including swimming pool, gym, clubhouse and more. Champions Way Condo is an attractive and desirable development that caters to the needs of the urban dwellers. Located in the heart of Salaya, it has easy access to the city centre as well as public transportation options. The development also offers a range of amenities to cater to the needs of its residents. With its range of residential and commercial offerings, Champions Way Condo is an ideal choice for those looking to make a home in a peaceful and comfortable environment.

The sale of the property is subject to JTC’s approval; however, its long-term 29-year remaining lease makes it the ideal choice for businesses with sustainable blueprints, according to Desmond Lim, director and head of workspaces, ERA capital markets and investment sales. Additionally, the maximum floor space for the building is yet to be reached, suggesting there is untapped floor area.

The factory is to be sold by expression of interest and the deadline for submissions is on September 7.