A ready state-of-the-art logistics facility that is fully operational
International property consultant, Colliers International is putting up for sale – by expression of interest – a four-storey food distribution centre located at 190A Pandan Loop.
Colliers International is the exclusive marketing agent for the subject property. Interested parties are invited to submit their offer by 21 April 2014 at 2.00 pm.
Sitting on a 90,000 sq ft site which has a remaining tenure of 40 years, the property is a food distribution centre that features a fully-functional logistics supply chain – comprising chiller and freezer rooms, a bakery production area, packing and warehousing space, as well as some 11 loading/unloading bays, among others. The total gross floor area is approximately 110,000 sq ft.
Under the 2008 Master Plan, the site is zoned for “Business 2” use, with an allowable gross plot ratio of 2.5.
Mr Tan Boon Leong (陈文龙), Executive Director of Industrial Services | Projects and Sales, says, “Food distribution centres – especially one of this scale which is fully operational – would greatly appeal to end users or companies who are looking for a ready facility to expand their business. The specifications of the subject property have been thoughtfully designed to achieve and maintain the stringent environment needed for the distribution of quality and safe food products.
Furthermore, the property is located near the city centre and in an area which has an established transportation network, which is a critical consideration for both food logistics and food manufacturing businesses.”
Indicative price for the subject property is in the region of S$43-45 million.
Mr Tan continues, “There is also re-development potential for the site, as the existing plot ratio has not been fully maximised. The successful buyer can consider adding another 117,336 sq ft of gross floor area, subject to the relevant authorities’ approval.”
The subject property is well connected to other parts of the island via West Coast Highway and Ayer Rajah Expressway.