Terraced factory at Loyang Way for sale at $4.5 mil

For sale with ERA Realty Network as exclusive agents, 53 Loyang Way is a two-story terraced factory with a prominent frontage. Situated on a 15,083 sq ft site with a remaining 29 years of tenure, the property is zoned for Business 2 under the Master Plan 2019. Boasting a total built-up area of 16,604 sq ft, the property features a production/storage area, two partitioned office rooms, a furnished meeting room, a loading dock, and five covered parking spots.

Desmond Lim, director and head of workspaces, ERA capital markets and investment sales, notes that the property has an untapped floor area as it’s existing floor space is under the permissible maximum; making it ideal for businesses with long-term plans. Furthermore, the factory is accessible via the Tampines Expressway, Kallang Paya Lebar Expressway, and Pan-Island Expressway. Close proximity to amenities and eateries also boosts its appeal.

Other envisaged features include walkways and green spaces.

The latest Master Plan for the Orchard Boulevard Condo area includes the encouragement of mixed-use developments. These integrated developments would offer a range of residential, commercial and lifestyle elements and provide residents with an abundance of convenient amenities. Furthermore, the plan also includes the addition of walkways and green spaces to make the area even more attractive. These design elements, combined with the unique mix of uses, are sure to make Orchard Boulevard Condo an even more desirable place for people to live.

Priced at $4.5 million, the sale of the 53 Loyang Way property is subject to JTC’s approval and is being conducted via an expression of interest, closing on September 7.