A six-storey industrial building at 17 Tai Seng Drive, also known as Yew Lee Building, is on the market for $23 million, announced the sole marketing agent Cushman & Wakefield.
The property is a purpose-built, single-user, detached industrial building. It has a gross floor area of about 70,011.6 sq ft, and sits on a JTC-owned plot of 34,109.7 sq ft. The land has a leasehold tenure of 30+30 years from Feb 1, 1993, and has 34 years left on its lease. The site is zoned for Business 2 use with a plot ratio of 2.5 under the 2019 Draft Master Plan.