Sep 14, 2021
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Comprising warehouse and ancillary office space, the property also has a fully fitted modern office, an indoor badminton court and a canteen. It is served by six lorry lots, 20 carpark lots and a passenger lift. Photo: CBRE

A part-single-part-four-storey industrial development at 8B Buroh Street has been put up for sale via a private treaty with an indicative price of $22 million, revealed exclusive marketing agent CBRE.

Comprising warehouse and ancillary office space, the development also comes with a massive 31,000 sq ft yard space with an overhead crane fixture that is “able to perform loading and unloading of heavy loads up to 40 kilonewtons (kN) per sq m (psm)”.

The property has a total gross floor area of about 80,558 sq ft. It occupies a 127,123 sq ft site that is zoned for “Business 2” use under the 2019 Master Plan with a plot ratio of 1.4. This means the building has a potential built-up area of about 177,972 sq ft.

CBRE noted that the site has a remaining tenure of 29 years with effect from July 2013.

Spanning 20,000 sq ft, the warehouse features a 14.9-m ceiling height as well as a floor loading of 30 to 40 kN psm.

“It connects directly to the yard space, and hence, seamlessly facilitates the process of loading/unloading and storage of heavy goods,” said CBRE.

The property also has a fully fitted modern office, an indoor badminton court and a canteen. It is served by six lorry lots, 20 carpark lots and a passenger lift.

Graeme Bolin, CBRE’s Head of Occupier and Leasing, Industrial and Logistics Services, expects the development to appeal to most industrialists, given its ample yard space and overhead crane fixture.

“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,” he said.

“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.”

Situated within a key logistic cluster of the Jurong Industrial Estate, the development is near PSA terminals, International Business Park, Jurong Port, Jurong Island and Tuas Checkpoint.

 

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email: victorkang@propertyguru.com.sg

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