The food factory has 28 years remaining on its lease (Picture: Colliers)
SINGAPORE (EDGEPROP) - A food factory at 28 and 30 Senoko Crescent, within the JTC Senoko Food Zone in Sembawang, is up for sale. The property has an indicative price of $14 million, according to marketing agent Colliers.
The property occupies a land area of 31,678 sq ft zoned for Business 2 use with a plot ratio of 2.5. The land has a JTC leasehold tenure of 30 years from June 1991, which was extended for another 30 years. This means approximately 28 years are remaining on the lease.
Map of 28 Senoko Crescent (Source: EdgeProp LandLens)
The factory has a gross floor area of 47,803 sq ft. Given the land’s approved plot ratio, there is potential to increase the property’s GFA to about 80,000 sq ft. Currently, the property is approved for food manufacturing, processing and packaging. It has cold rooms, halal and non-halal preparation areas, ample loading bays, a two-tonne cargo lift and an ancillary office.
Read also: Rising demand in food factories as an alternative investment: ERA
Raphael Lee, Colliers' industrial services director, believes the property is ideal for food and beverage manufacturers' expansion needs in the rapidly growing sector.
Latest sales transactions of industrial properties on Senoko Crescent (Source: EdgeProp Research)
Check out the latest listings for Industrial Real Estate properties