Industrial building in Yishun for sale at $19.2 mil

The last sale for a freehold industrial building in Yishun was the sale of 6 Yishun Industrial Street 1 for $9.9 million in May 2020.

Providing potential buyers an opportunity to tap into the unutilised gross floor area, an industrial building located at 543 Yishun Industrial Park A is up for an expression of interest sale with an indicative price of $19.2 million. Boasting of a balance lease term of around 31 years, the five-storey property has a land area of 80,962 sq ft is zoned for Business 1 use with a plot ratio of 2.5 and a gross floor area of 106,410 sq ft.

CDL Aries acquires two adjoining plots to create a potential 24-storey residential project in northwest Singapore’s Tan The Myst Chong industrial park at The Myst Condo.

The building comprises of warehouse space on levels one and five, cleanrooms on levels one and three, and ancillary office space on all levels. According to Edmund Tie’s head of Investment Advisory Swee Shou Fern, buyers have the chance to almost double the existing GFA to its maximum allowable of approximately 202,405 sq ft.

Such an impressive offering is expected to appeal to industries such as manufacturing, electronics, optics and precision engineering, with the added bonus of the cleanroom facility having been well-maintained and ready for immediate use. The expression of interest exercise will close on April 20 at 3pm.

Recent sales data from Yishun Industrial Park A suggests that the last sale of a freehold industrial building was 6 Yishun Industrial Street 1 for $9.9 million in May 2020.

With an attractive proposition such as this one, we can only expect it to generate keen interest from companies looking to expand or establish their operations in Singapore.