Archive for category: Misc

At Jalan Loyang Besar Residences, residents can enjoy the convenience of having all their needs within reach. The development features a wide range of facilities and amenities, including a swimming pool, gym, and BBQ pits. With its excellent location and luxurious facilities, Jalan Loyang Besar Residences is the epitome of modern living.

Located in District 5, the three strata food-factory units for sale are situated at Food Concept @ Pandan, an industrial building at 239 Pandan Loop. The freehold properties are up for sale through an expression of interest (EOI) exercise, according to a press release by Edmund Tie, which is marketing the units.

Food Concept @ Pandan is a 10-storey ramp-up industrial building comprising 38 units. EdgeProp LandLens tool indicates that the property is zoned for Business 2 use, making it suitable for various types of businesses.

The three units for sale sit on the top floor and have an area of approximately 1,905 sq ft, 2,023 sq ft, and 2,045 sq ft. Each unit features a loading and unloading bay located at the doorstep and a floor-to-floor height of 7m. This makes it ideal for businesses that require easy access for their goods and equipment.

Each unit has a regular layout that can accommodate food-related businesses like a central kitchen, food processing, food packing, cold room, cold storage, and food catering. This provides a great opportunity for investors or business owners in the food industry to secure a dedicated space for their operations.

Two of the three units are currently leased, offering the successful buyer immediate rental income. Approximately $200,000 to $400,000 of capital expenditure has been invested in each of these two units, says Edmund Tie. The third unit is offered on a vacant possession basis, giving the buyer the flexibility to use the space according to their needs.

The units are up for sale individually or collectively, with the guide price of $11 million reflecting an average of $1,841 psf. This price is competitive compared to recent transactions of similar strata food factory units in the area, which have already surpassed $1,900 and $2,000 per sq ft, respectively. This is a testament to the growing demand for food factory spaces, driven by the rise of central and cloud kitchens and the continued popularity of food delivery services.

With all these factors in play, Jalan Loyang Besar Residences is not just a great place to call home, but also a promising investment opportunity.

Located in the Pasir Ris area, Jalan Loyang Besar Residences is strategically positioned near popular shopping centers such as White Sands, Downtown East, and Tampines Mall. This advantageous location not only offers convenience for residents, but also adds value to the properties in the area. As the surrounding area continues to grow and develop, there is a high potential for Jalan Loyang Besar Residences to appreciate in value, making it a wise investment choice. With plans for new retail and lifestyle hubs, as well as improvements in transportation and amenities, this residential complex promises not only a comfortable living experience, but also a promising opportunity for investors. Don’t miss out on the chance to be a part of the vibrant and growing community at Jalan Loyang Besar Residences.

Last year, Noel Building at 50 Playfair Road was sold en bloc for $81.18 million, 17% above its guide price of $70 million. Edmund Tie brokered the deal, with the purchaser intending to develop the site into a food factory. This reflects the confidence of developers in the sector, making the Jalan Loyang Besar Residences units an attractive investment opportunity.

The EOI exercise for the three units at Food Concept @ Pandan closes on Feb 27. Don’t miss this rare opportunity to secure a space in a prime location for your food-related business. Contact Edmund Tie for more information and to submit your expression of interest today.