Jurong industrial development for sale at S$22m indicative price

A PART single, part four-storey industrial development comprising both warehouse and ancillary office space has been put up for sale via private treaty at an indicative price of S$22 million, announced exclusive marketing agent CBRE on Monday.

Located at 8B Buroh Street within a key logistics cluster of the Jurong Industrial Estate, the development is near PSA terminals, Jurong Port, International Business Park, Jurong Island and Tuas Checkpoint.

It sits on a 127,123 square foot (sq ft) site with a remaining tenure of 29 years with effect from July 1, 2013, and a total gross floor area of about 80,558 sq ft.

The site is zoned B2 for heavy industrial use under the Urban Redevelopment Authority Master Plan 2019 with a plot ratio of 1.4. This means the building has a potential built-up area of about 177,972 sq ft, said CBRE in its press statement.

Its warehouse spans over 20,000 sq ft, featuring a 14.9-metre ceiling height and a floor loading of 30 to 40 kilonewton per square metre.

CBRE said the site also comes with a "rare, massive" 31,000 sq ft yard space that has an overhead crane fixture which can perform loading and unloading of up to 40 kilonewton per sq m. Direct connectivity between the warehouse and the yard space therefore seamlessly facilitates the process of loading, unloading and storing heavy goods, noted the real estate and services firm.

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On the whole, the development includes a fully-fitted office space, a canteen and an indoor badminton court. It is served by 20 carpark lots, six lorry lots, and a passenger lift.

Noting the development's ample yard space with its overhead crane fixture, CBRE's head of occupier and leasing, industrial and logistics services Graeme Bolin believes the development will appeal to most industrialists as such an offering is rare, in his view.

"The massive yard space is always appreciated by industrialists who can use it for storage of large bulky equipment or for heavy vehicle parking, providing absolute free-play on usage flexibility," said Mr Bolin, who believes demand for warehouse space is underpinned by the current positive outlook for Singapore's manufacturing sector.

"We are optimistic that 8B Buroh Street presents a timely opportunity for investors and owner-occupiers alike, in particular those from industries such as chemicals and engineering, to acquire a prime industrial and logistics space that can house all functions of the business. The property will also benefit from the enhanced connectivity with the nearby Jurong Hill and Jurong Pier MRT stations on the upcoming Jurong Region Line that will open in stages from 2027," he added.