A two-storey terraced factory within Singapore’s JTC Food Zone has been put up for sale via private treaty at an asking price of $4.5 million, according to exclusive marketing agent CBRE.

The property occupies a land area of approximately 13,499 sq ft with a gross floor area (GFA) of 10,795 sq ft. CBRE adds that prospective buyers may potentially increase the property’s built-up area to 18,899 sq ft. The factory is zoned as a “Business 2” site under the URA Masterplan 2019, with a permissible plot ratio of 1.4.

Currently, the property features warehouse ceiling heights of up to 7m and a 300 Amp 3-phase power supply.

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Located at 51 Quality Road within the JTC Food Zone, the factory is surrounded by other food companies and complementary businesses such as cold chain logistics, packaging, and food processing.

The property enjoys access to other parts of the city via Jalan Ahmad Ibrahim and major expressways, including the Ayer Rajah Expressway (AYE) and the Pan Island Expressway. It is also within a nine-minute walk from the upcoming Enterprise MRT Station on the Jurong Region Line.

Graeme Bolin, head of occupier and leasing of industrial and logistics services at CBRE Singapore, says the factory offers food manufacturers and distributors to acquire a “strategic foothold” within Singapore’s established food zone. “Its proximity to a strong ecosystem of complementary businesses, combined with excellent connectivity and an attractive price point, makes this property an ideal choice for SMEs looking to future-proof their operations,” he adds.