Long lease Industrial site in Loyang up for sale
Sale by Expression of Interest closing on Wednesday 13 May 2020, 3 pm.
SINGAPORE, 30 MARCH 2020 – JLL is the exclusive marketing agent for the sale of 32 Loyang Crescent , an industrial site with a long remaining lease located within the Loyang Industrial Estate.
The asset consists of a 2-storey main building with a 4-storey extension annexed behind. The asset has two entrances and houses production spaces with cranes, warehousing and ancillary offices that are readily in operational status. It has a total gross floor area (GFA) of approximately 36,902 sq ft, sitting on a site of approximately 45,439 sq ft with a remaining tenure of about 31 years. In the Master Plan 2019, the site has a Business 2 zoning with a plot ratio of 2.5.
In addition to a good frontage along Loyang Crescent, this site is accessible via Tampines Expressway (TPE), Pan-Island Expressway (PIE) and public transport to Pasir Ris MRT is available at the door-step. It is also well supported by eateries and amenities in the vicinity.
Mr Nicholas Ng, Senior Director of Capital Markets at Jones Lang LaSalle, comments: “The long lease of this site, coupled with a ready to move in facility will be attractive for end users who are looking for a place for their operation and future expansion. There is still an untapped gross floor area of 76,697 sq ft for the subject property as it is only currently built up to a 0.81 plot ratio.”
“The subject property comes with an annex building comprising of a 4 –storey warehouse space with 6 metre ceiling height on each floor. Located in close proximity to the Loyang offshore supply base and Changi Airport, this asset would be a good fit for logistics companies who wish to establish a base in Loyang, or any other businesses that require a Business 2 zoning to operate in.“
The vendors, a supplier of heavy equipment and spares serving the oil and gas industry are seeking offers in the region of S$8.8 million.
The property will be sold by Expression of Interest, which will close at 3pm on Wednesday 13 May 2020.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.