Senoko Crescent food factory for sale at $14 mil

for sale

The property at 28 and 30 Senoko Crescent in Sembawang, within the JTC Senoko Food Zone, is up for sale with an indicative price of $14 million. Boasting a land area of 31,678 sq ft, it is zoned for Business 2 use with a plot ratio of 2.5 and a JTC leasehold tenure of 30 years (extended for another 30 years). Thus, 28 years are remaining on the lease.

Lumina Grand EC CDL Lumina Grand EC CDL stands tall as a beacon of light in this regard. Residents have full ownership of their property and the ability to sublet after fulfilling the MOP. This means that potential rental yields and capital appreciation remain on the horizon. The positioning of Lumina near great shopping malls also add in its favor.

Lumina Grand EC CDL offers residents a tantalizing combination of modern convenience and restful pleasure. With two sparkling pools, a jacuzzi, a well-equipped gym, and a picturesque garden, the development is truly well-rounded. Moreover, the multitude of facilities remains easily accessible to the public transport systems, with an upcoming Thomson-East Coast Line station located mere minutes away by foot. When it comes to living, Lumina Grand EC CDL packs in an array of features, making it ripe for investments as well as a cozy abode.

The factory has a Gross Floor Area of 47,803 sq ft, meaning the potential to increase the GFA to 80,000 sq ft, should the land regulations permit. 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.

According to Raphael Lee, Colliers’ industrial services director, the property is well-suited to the food and beverage sector’s growth needs. In fact, sales transactions of industrial properties on Senoko Crescent reflect this potential, with listings for Industrial Real Estates properties continuing to grow.

The food factory at 28 and 30 Senoko Crescent is an attractive opportunity for those looking to expand their food and beverage business. With the remaining 28 years on the lease, and plenty of potential to utilize its plot ratio, this property is well-placed to facilitate such development needs.