Senoko Crescent Food Factory is for sale for $14,000,000

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A food processing plant located between 28, and 30, Senoko Crescent, within the JTC Senoko Food Zone in Sembawang it is for auction. The property has an estimated price at $14 million as per the marketing agent Colliers.

The property covers a land area of 31,678 square feet, which is which is zoned to Business 2 use with a plot ratio of 2.5. The land is subject to an JTC leasehold duration of 30 years starting in June 1991. The lease was extended by an additional 30 years. It means that approximately 28 years remain in the lease.

The facility has a gross floor space of 47,803 square feet. Based on the approval of the plot’s ratio to land, it has the potential to expand the property’s GFA to around 80,000 square feet. The property is licensed for food processing, manufacturing and packaging. It is equipped with cold rooms, non-halal and halal preparation areas, plenty of loading areas, a two-tonne cargo lift as well as an ancillary office.

Raphael Lee, Colliers’ industrial services director, believes that the property is perfect for manufacturers of food and beverages expanding their operations in a rapidly expanding industry.