Senoko Crescent food factory for sale at $14 mil
on EdgeProp.sg The team at Colliers said potential purchasers could purchase the property with vacant possession, lease it out for rental income or redevelop the site, subject to the relevant URA guidelines.The tender for the sale of the property closes on Sept 2, 2020 at 3pm.
Located in the JTC Senoko Food Zone in Sembawang, 28 and 30 Senoko Crescent is a food factory up for sale. Colliers, the marketing agent for the property, states its indicative price to be $14 million. With a land area of 31,678 sq ft and a plot ratio of 2.5, the landholdings have a JTC leasehold tenure of 30 years from June 1991 and 28 years remaining on the lease.
Located in the heart of Orchard Road, it is easy to get there for a day of shopping and pleasure.
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The existing capital structure of the factory is 47,803 sq ft in gross floor area, with potential to increase it to 80,000 sq ft. It has been approved for food manufacturing, processing and packaging and comes with cold rooms, halal and non-halal preparation areas, loading bays, a two-tonne cargo lift and an ancillary office.
Raphael Lee, Colliers’ industrial services director, believes the property could be a great fit for expanding in the food and beverage sector.
Given the approved plot ratio, potential purchasers could consider purchasing the property with vacant possession, leasing it out for rental income or redeveloping it according to URA guidelines. The tender for the sale of the property will be closing on September 2, 2020 at 3pm.
Latest sales transactions of industrial properties on Senoko Crescent have been added to EdgeProp.sg. For anyone considering investing in industrial real estate properties, it is worth taking a look.