Two adjoining B2 industrial properties for sale at 21 Tampines Street 92

Two industrial sites at 23 and 21 Tampines Street 92 are for the auction according to the marketing agent CBRE. These sites belong to the brand management and the service company Hersing Corp.
The total area of land for each of the sites is 214,880 square feet. The land is subject to a tenure of 30 years that began on September 9, 2007 and an area ratio of 1.4.

Copen Grand for sale is around 22,020 sqm or $603 psf ppr and enjoys a max GFA of 61,659 sq m.

Hersing Corp has not disclosed the price of its guide, but CBRE informs that the properties located at 21 , and 23, Tampines Street 92 are valued at $39 million and $29 million respectively.

The site located at 21 Tampines Street 92 has a multi-user food manufacturing facility with six floors and an area of gross floor (GFA) in 165,462 square feet. It has the floors for food manufacturing as well as two floors that are for other uses. The property is serviced with two passenger lifts and two cargo lifts of 2 tonnes that have 19 car parking as well as 15 truck parking spaces. Level 6 is home to offices as well as showroom spaces.

The property located at 23 Tampines Street 92 is an eight-storey industrial structure with an GFA of 132.836 sq feet. The building comprises four levels of warehouses, three levels of parking for cars and one floor dedicated to other uses. The property is also serviced by two passenger lifts as well as two cargo lifts, which have elevators to each level. There are 282 parking spaces for cars as well as 19 truck parking areas.

Graeme Bolin, CBRE’s head of leasing and occupier services industrial and logistics services, says that the properties are perfect for food facilities looking to establish a footprint in Singapore’s eastern region of Singapore.

“The properties will be particularly attractive to owner-occupiers and investors alike due to its location close the Changi Airport and major town centers such as Tampines, Bedok and Pasir Ris which provide instant access to a large workforce of workers as well as users like restaurants, airlines catering logistics, food distribution and logistics within the area,” he says.

Harry Chua, chairman of Hersing Corp, notes that restaurants are seeking ways to cater to the increasing demand from consumers. “As as such, top-quality central kitchens in strategically located areas such as Tampines will give them the opportunities to operate from a single space to satisfy the growing demand without radically expanding their restaurant space,” he says.