In a recent development, a prime food factory located at 46 Senoko Drive, nestled within the esteemed JTC Senoko Food Zone in Sembawang, is now available for acquisition through a private treaty. The marketing agent, Colliers, unveiled this opportunity in a press release dated February 20, indicating an approximate asking price of $8.8 million.
Situated on a 16,611 sq ft site earmarked for Business 2 use, boasting a favorable plot ratio of 2.5, the facility currently occupies a gross floor area (GFA) of 23,364 sq ft. Furthermore, there exists untapped potential for expansion, allowing for a substantial increase in the total GFA to an impressive 41,528 sq ft. The property holds a 30-year leasehold tenure from April 1, 2020, translating to a remaining lease term of 26 years.
The map below provides a visual reference to the strategic location of 46 Senoko Drive within the coveted JTC Senoko Food Zone (Source: EdgeProp LandLens).
Colliers highlights that the food factory is meticulously configured to accommodate various functions such as food manufacturing, distribution, and warehousing. Its infrastructure includes dedicated spaces for food preparation and production, chiller and freezer rooms, as well as ancillary office spaces. Additionally, the facility offers lodging arrangements for up to 13 workers.
With the burgeoning expansion of the food manufacturing sector in Singapore, there is an evident surge in demand for cutting-edge food production facilities. This offering at 46 Senoko Drive aligns perfectly with the evolving landscape, presenting a lucrative opportunity for potential investors in the industry. Interested parties are encouraged to explore this prospect further and engage with Colliers for detailed information and negotiations.
