Food factory for sale at Boon Lay for $18 million

/ EdgeProp
February 12, 2019 5:00 PM SGT
2 Enterprise Road (Credit: Cushman & Wakefield)
A single-storey detached food factory at 2 Enterprise Road is up for sale at $18 million.
The property is within the JTC “Chin Bee” Food Zone, and surrounded by food suppliers and manufacturers such as Neo Garden, Khong Guan, GSK, Unilever, Olam and Meiji.
Located at the corner of Jalan Boon Lay and Enterprise Road, the factory occupies a land of 174,743 sq ft and a gross floor area (GFA) of 151,606 sq ft. Under URA’s Master Plan 2014, it is zoned as “Business 2” with a plot ratio of 2.5. It has a leasehold tenure of 60 years from JTC, with about 14 years left.
Currently, the property is approved for warehousing and distribution of food and related products as well as meat processing. Facilities include a warehouse, production area, chiller and freezer rooms as well as loading bays.
“The future Enterprise MRT Station at the doorstep of the property will make it even more appealing. We envisage that this sale opportunity is likely to attract strong interest from a diverse mix of users from the food and beverage industry,” says Shaun Poh, executive director of capital markets at Cushman & Wakefield.