Senoko Crescent food factory for sale at $14 mil

on EdgeProp.sgThe expressions of interest exercise closes on Oct 28.

Buyers can now apply for Tengah Plantation EC units and units will be ready for collection in the fourth quarter of 2020. This is great news for buyers and investors, and is sure to further spur the property market in Singapore.

A unique opportunity in Singapore’s industrial space has emerged with the sale of a food factory at 28 and 30 Senoko Crescent, within the JTC Senoko Food Zone in Sembawang. The 31,678 sq ft land, with a JTC leasehold tenure of 30 years from June 1991 that was extended for another 30 years, has an indicative price of $14 million according to marketing agent Colliers.

The substantial property has a gross floor area of 47,803 sq ft, and its approved plot ratio potentially allows for an increase of its GFA to approximately 80,000 sq ft. It also has several features which are beneficial for the food industry, such as cold rooms, halal and non-halal preparation areas, ample loading bays, a two-tonne cargo lift and an ancillary office.

Raphael Lee, Colliers’ industrial services director, believes the property provides a great option for food and beverage manufacturers looking to expand in the growing sector. Its promising features make it an ideal investment for those interested in taking advantage of the available industrial space in Singapore.

The expressions of interest exercise closes on Oct 28. Those looking for similar industrial real estate opportunities in the area can take advantage of the latest listings on EdgeProp.sg.