Industrial site at 8B Buroh Street on sale for $22 mil
The ‘Business 2’ site consists of a warehouse and ancillary office space.
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SINGAPORE (EDGEPROP) - An industrial site at 8B Buroh Street that comprises a warehouse building and an ancillary office is on the market for $22 million. The transaction will be conducted over private treaty sale and CBRE is the sole marketing agent.
The property is close to the Jurong Industrial Estate, PSA terminals, Jurong Port, Jurong Island, and Tuas Checkpoint.
The entire 127,123 sq ft site is zoned for “Business 2” use under the 2019 Master Plan and it has a remaining land tenure of 29 years. The site has a plot ratio of 1.4. The site also features a 31,000 sq ft yard space that has an overhead crane able to perform loading and unloading of heavy loads.
The ample yard space can be used for storage or for heavy vehicle parking, says Graeme Bolin, head of occupier and leasing, Industrial and Logistics Services at CBRE.
The yard space connects to a 20,000 sq ft warehouse building that has a 14.9m ceiling and a floor loading of 30 to 40 kilonewton psm. The property also consists of a four-storey ancillary office space with offices, a canteen and an indoor badminton court. It is served by 20 carpark lots, six lorry lots and a passenger lift.
“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,” says Bolin.
Check out the latest listings near Jurong Industrial Estate, Jurong Port
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