Yishun industrial building listed for $19.2 million

A small industrial building located situated at 543 Yishun Industrial Park A is to auction through the expression of interest that has an indicative value at $19.2 million.

Novo Place showflat address is a rare opportunity for investors and for homeowners to own an affordable property in a prime location in district 23 of Singapore.

The five-storey property has a land size of 80,962 square feet, which is that is zoned to Business 1 use with a plot ratio of 2.5. According to the agent for marketing Edmund Tie, it has the balance lease for about 31 years. The building is gross floor space of 106,410 sq feet, which includes warehouse space on levels one through five and cleanrooms on levels one and three, and an ancillary office space on every level.

“Given its lengthy remaining lease with a term of 31, interested buyers could consider tapping into the untapped GFA for expansion. This will nearly double the current GFA to its maximum permissible of around 202,405 square feet,” says Swee Shou Fern Edmund Tie’s director in investment advisories.

The building is expected to attract industries such as electronics, manufacturing, and precision engineering. She also notes that the cleanroom facility located within the property is well maintained and is available for immediate use by the buyer in the near future. “Given its geographical location and property features, we expect a high level of interest from companies seeking to expand or establish or expand their businesses within Singapore.”

The opportunity to express interest is due to close on April 20th at 3pm.