CBRE offers industrial development for sale
The current price is $22m.
CBRE has put up for sale a part-single-four-storey industrial development, which includes a warehouse and an ancillary office space, a press release stated.
The 31,000-square-feet yard property sits at $22m. It is also available with an overhead crane fixture, which allows for the loading of goods up to 40 kilonewtons per square metre.
The area is located at 88 Buroh Street and is close to areas such as Jurong Port, International Business Park, Jurong Island, and Tuas Checkpoint.
Overall, the property is a 127,123 square foot site with a remaining tenure of 29 years. As of July 2013, the gross floor area of the area stands at an estimated 80,558 square feet.
The site is zoned for Business 2 use with a plot ratio of 1.4 under the Master Plan 2019.
Graeme Bolin, head of Occupier and Leasing, emphasised how rare this current offer is in the current market.
“8B Buroh Street, boasting an ample yard space with the overhead crane fixture, will appeal to most industrialists as such an offering is rare. 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.”