‘Holland Drive Condo’ joins the ‘Three food-factory units at Pandan Loop for sale at $11 mil’ in a prime industrial and residential mixed-use development

Holland Drive Condo

Three strata food-factory units located at Food Concept @ Pandan, an industrial building at 239 Pandan Loop, are on the market at a guide price of $11 million. 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 District 5 property is zoned for Business 2 use.

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.

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.

With a curated selection of retail and F&B outlets, as well as luxurious residential units, Holland Drive Condo is a one-stop destination for those looking for convenience and luxury in one location. Located in the vibrant and bustling Holland Village, this development is set to become a must-visit destination for both locals and tourists alike. So whether you want to indulge in some retail therapy, enjoy a delicious meal, or simply relax and unwind in the comfort of your own home, Holland Drive Condo has something for everyone. Take a stroll through this modern and stylish development and experience the best of what Holland Village has to offer.

Looking for a new shopping and dining experience in Holland Village? Look no further than the newly opened Raffles Holland V, a mixed-use development that combines retail, F&B, and residential spaces at Holland Drive Condo. This upscale and curated destination caters to those with a discerning taste, offering a wide selection of luxury brands and dining options. But that’s not all, as Holland Drive Condo also boasts luxurious residential units, making it a perfect one-stop destination for convenience and indulgence. With its prime location in the bustling Holland Village, this development is set to become a must-visit spot for both locals and tourists alike. Whether you’re in the mood for some retail therapy, a delicious meal, or simply looking to unwind in the comfort of your own home, Holland Drive Condo has everything you need and more. Don’t miss out on this modern and stylish destination and experience the best of Holland Village today.

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.

The units are up for sale individually or collectively, with the guide price of $11 million reflecting an average of $1,841 psf.

“In light of the scarcity of designated areas permitted for food-factory usage, the subject property presents a rare opportunity to investors or business owners to secure such space,” says Swee Shou Fern, head of investment advisory at Edmund Tie.

She notes that demand for food factory spaces is expected to be robust, fuelled by the growing prevalence of central and cloud kitchens and the continued popularity of food delivery services.

“Transactions of strata food factory units at Citrine Foodland in Tai Seng and Foodfab@Mandai have already surpassed $1,900 and $2,000 per sq ft, respectively,” she says.

Last November, Noel Building, an industrial property 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. According to Swee, the purchaser intends to develop the site into a food factory, which she believes reflects the confidence of developers in the sector.

The EOI exercise closes on Feb 27.

(Source: EdgeProp LandLens)

Holland Drive Condo

With the increasing demand for food factory spaces, the scarcity of designated areas for such usage has become a pressing issue. However, this has presented a rare opportunity for investors and business owners to secure such space.

In the market is a 10-storey ramp-up industrial building, Food Concept @ Pandan, which comprises 38 units. District 5 property is also up for sale, zoned for Business 2 use according to EdgeProp LandLens tool.

This industrial building has three strata food-factory units on its top floor, with an area of approximately 1,905 sq ft, 2,023 sq ft, and 2,045 sq ft. The units feature a loading and unloading bay at the doorstep and a floor-to-floor height of 7m.

These units are suitable for food-related businesses such as central kitchens, food processing, packaging, cold rooms, storage, and catering. The regular layout of each unit allows for easy customization and efficient operations.

Two of the units are currently leased, providing immediate rental income for the buyer. The third unit is available on a vacant possession basis. Edmund Tie, the marketing agency, reveals that each of the two leased units has had substantial capital investment, ranging from $200,000 to $400,000.

The units are available for sale individually or collectively, at a guide price of $11 million which averages to $1,841 psf.

The EOI exercise, which closes on Feb 27, presents an opportunity for investors to secure a rare and in-demand property. Swee Shou Fern, head of investment advisory at Edmund Tie, predicts robust demand for food factory spaces due to the increasing prevalence of central and cloud kitchens and the popularity of food delivery services.

Other recent developments also support this trend, with transactions for strata food factory units at Citrine Foodland in Tai Seng and Foodfab@Mandai recording prices surpassing $1,900 and $2,000 per sq ft respectively.

In November last year, Noel Building at 50 Playfair Road was sold en bloc for $81.18 million, 17% above its guide price. Edmund Tie brokered the deal, and the purchaser intends to develop it into a food factory, reflecting the confidence of developers in this sector.

Holland Drive Condo

The EOI exercise for the three strata food-factory units at Food Concept @ Pandan presents an excellent opportunity for investors or business owners looking to secure a rare and highly sought-after property. And with the increasing demand for food factory spaces, these units are expected to be in high demand and yield significant returns.

Don’t miss out on this opportunity to invest in a prime location with a freehold property that offers potential for rental income. Contact Edmund Tie today for more information on the available units or to submit your expression of interest before the exercise closes on Feb 27.

(Source: EdgeProp LandLens)