Building at Jurong Gateway for sale from $8 mil

Building at Jurong Gateway for sale from $8 mil

A three-storey building with a basement carpark has been launched for sale by expression of interest. The guide price is in the range of $8 million to $10 million, according to marketing agent Knight Frank.

Bordered by Yuan Ho Road and Yuan Ching Road, the property is located across from Superbowl entertainment complex. The existing building occupies a 62,087 sq ft site with a 30-year lease with effect from 2001. The property has a gross floor area of about 80,676 sq ft. The building now houses a kindergarten, preschool, counselling/ family centre as well as offices. The building is said to be owned by Agape Methodist Church and was previously owned by NTUC, which operated a lifestyle centre and a supermarket there. The EOI will close on Sept 20. 

 

The property is located across from Superbowl entertainment complex.

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SuperBowl Jurong up for sale at $20 million

SuperBowl Jurong up for sale at $20 million

superbowl jurong

 

An entertainment complex, located at 1 and 3 Yuan Ching Road and commonly known as SuperBowl Jurong, is being put up for sale at an indicative price of $20 million via expression of interest. The property comprises a part-two/part-three-storey block and a pair of two-storey blocks with a total net floor area of approximately 111,000 sq ft.  It sits on a 234,152 sq ft site which is zoned for commercial and residential use. The site has a balance of 17 years on its JTC lease. The property has an occupancy rate of 99.6%, with tenants including Sheng Shiong supermarket, McDonald’s, Subway and Superbowl. It is accessible to other parts of the island by major expressways, such as Ayer Rajah Expressway and Pan-Island Expressway. 

“SuperBowl Jurong has always been a landmark in the Yuan Ching area, where it enjoys a large catchment consumer base of Yuan Ching and Jurong residents. The sale of the subject property presents an opportunity for operators in the lifestyle, entertainment and recreational industries to own a ready entertainment complex in the Western part of Singapore,” says Mr Tan Boon Leong, Executive Director of Industrial Services at Colliers International.

“The Jurong Lake District has undergone a metamorphosis to become a vibrant commercial hub in recent years.  The bustle will continue and spread when the Singapore-Kuala-Lumpur high-speed rail terminus, the edutainment clusters, as well as park connectors and pedestrian linkages to surrounding areas such as Taman Jurong and Yuan Ching, are completed in another few years.  These changes, coupled with the housing and industrial estates in the Yuan Ching vicinity, will bode well for the retailers and businesses operating within the complex.”

Interested parties are invited to submit their offer to Colliers International by 3 pm on October 15, 2015.

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