The land 32 Loyang Crescent — includes a two-storey principal building using a four-storey warehouse expansion supporting the construction, and has 31 years left on its lease. Every one of those four storeys from the warehouse have a 6m ceiling elevation.
Occupying a website of 45,439 sq feet, it’s a total gross floor area (GFA) of approximately 36,902 sq ft. Under URA’s Master Plan 2019, it’s zoned under’Company 2′ having a plot ratio of 2.5.
The advantage has two entrances and homes manufacturing spaces with cranes, warehousing and ancillary offices which are in operational position.
“There’s still an untapped gross floor space of 76,697 sq feet for the property since it’s just now constructed up to some 0.81 plot ratio,” remarks Nicholas Ng, senior manager of capital markets in JLL.
“Situated in close proximity to the Loyang offshore supply base and Changi Airport, this advantage could be a fantastic match for logistics firms who would like to set a foundation in Loyang, or some other companies that take a Company 2 zoning to operate inside,” he adds.
The Website is available via Tampines Expressway and Pan-Island Expressway. The land enjoys a”great frontage” along Loyang Crescent, and is close to eateries and conveniences in the area, states JLL.
The Expression of Interest exercise to the website will close at 3pm on May 13.