CBRE, as the appointed exclusive marketing agent by Hersing Corporation Pte Ltd, offer two adjoining industrial sites at 21 and 23 Tampines Street 92 for sale.

With a gross floor area of 165,462 sq ft, the 6-storey multi-user food factory on 21 Tampines Street 92, comprises four floors of food factories and two floors for ancillary usage. The subject property is also served by two passenger lifts and two 2-tonne cargo lifts, with 19 car parking and 15 lorry parking lots. Level 6 offers office and showroom space.

Separately, 23 Tampines Street 92, with a gross floor area of 132,836 sq ft, comprises four floors of warehouses, three floors of car parking and one floor for ancillary usage, within the 8-storey industrial building. The property is similarly served by two passenger lifts and two 2-tonne cargo lifts with access to all levels. Notably, ample parking space is available, as it boasts 282 car parking and 19 lorry parking lots.

The total land area for both sites add up to approximately 214,880 sq ft and has a tenure of 30 years w.e.f. 9 July 2007. Under the Master Plan 2019, the site is zoned for “Business 2” use with a plot ratio of 1.4.

Mr Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services, says, “The positive outlook for Singapore’s self-storage and food manufacturing sectors will underpin demand for quality food factory and storage solutions. We are optimistic that 21 & 23 Tampines Street 92 will provide the successful buyer an opportunity to build a presence in general industrial and food facility within the eastern part of Singapore. The properties will be particularly attractive to investors and owner-occupiers alike for its proximity to Changi Airport and major town centres like Tampines, Bedok, and Pasir Ris, which will offer immediate access to a pool of workers, as well as end users such as restaurants, airline catering, food distribution and logistics in the vicinity.”

He adds “21 Tampines Street 92 currently enjoys strong occupancy, with end users such as central kitchens and/or food distribution centres/cold rooms holding strong presence in the East. 23 Tampines Street 92 could potentially be redeveloped or retrofitted to provide similar or extended services to food factory users”.

Hersing Corporation Pte Ltd, a home-grown company that operates as a brand manager and service provider of some of the world’s most celebrated brands, was privatised in 2012. Mr Harry Chua, Chairman of Hersing Corporation Pte Ltd, says, “With the easing of restrictions in Singapore that has resulted in more consumers choosing to dine out, restaurant operators are seeing the need to cope with this demand. As such, high quality central kitchens located in strategic locations such as Tampines, will provide them with an opportunity to function out of an integrated space to meet the demands, without extensively expanding their restaurant real estate.”

21 and 23 Tampines Street 92 are easily accessible via the nearby Pan Island Expressway (PIE) and sits among the existing and well-established food zone (Bedok Industrial Park E) nearby. Its sheltered and open-air car parking spaces will also provide food delivery trucks flexibility, especially when moving goods around.

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