Chin Bee Food Zone terraced factory in Jurong West for sale at $4.25 mil
The remaining tenure and food-zone location may attract owner-occupiers with long-term plans, potentially supporting demand for specialised industrial premises near the upcoming Enterprise MRT Station.
A B2 terraced factory at 51 Quality Road is offered at $4.25 million, with about 18 years remaining on its 30-year JTC lease.
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A two-storey terraced factory at 51 Quality Road, within the established Chin Bee Food Zone in Jurong West, is up for sale via an expression of interest (EOI) exercise with a guide price of $4.25 million.
Zoned for Business 2 (B2) use with a plot ratio of 1.4, the property occupies a rectangular, flat site of about 13,499 sq ft with prominent road frontage, and has a total built-up area of around 10,796 sq ft.
B2 industrial zoning is for general and special industries, as compared to Business 1, which is for clean and light industries.
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The factory comprises a production or storage area with a mezzanine floor, an office with partition rooms, meeting room facilities, a loading dock, parking lots and a cold room that was previously used for storage.
Exclusive marketing agent ERA Realty Network said the property has about 18 years remaining on its 30-year JTC lease.
The property is expected to attract interest from owner-occupiers in food-related industries that are seeking to own rather than lease their premises. In particular, the remaining tenure will be ideal for businesses with long-term plans, said Donald Goh, director at ERA's capital markets and investment sales.
The Chin Bee Food Zone is an industrial subzone housing food product suppliers, manufacturers, processors and wholesalers.
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The terraced factory at 51 Quality Road is a five-minute walk from the upcoming Enterprise MRT Station on the Jurong Region Line, slated to open in 2029. It is also next to a hawker centre, with a few other eateries and amenities nearby.
The sale of the property will be subject to JTC approval.
The EOI exercise will close at 3pm on Sep 22.
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