An industrial property of over 500,000 sq ft with waterfront access is now available for sale at 1 Benoi Road, located at the junction with Pioneer Road, within Jurong Industrial Estate. Suitable for a variety of uses, such as shipbuilding, ship or vessel repair and maintenance, the property is around 24 km from the city centre, with convenient access to the nearby Ayer Rajah Expressway and Pan-Island Expressway, as well as Joo Koon MRT Station.
The plot is regular in shape, with a corner frontage of about 255m on Benoi Road and Pioneer Road, and an average plot depth of about 213m. It extends eastwards along the waterfront roughly 230m, with a flat contour. The guide price of the property is $11.3 million.
Recent transactions of similar industrial properties in Benoi Road include the acquisition of a 328,105 sq ft plot at 5 Benoi Road by ST Engineering in December 2020 at $10.5 million. Lee Sze Teck, senior director of research at Huttons Asia, believes that the latest property is suitable for businesses looking to expand, as there is currently a limited availability of such plots of land.
The proposed sale is subject to approval from relevant authorities and will close on April 27 at 3pm.
This is an ideal opportunity for those looking for a space for vessel building or maintenance. The property’s proximity to nearby housing estates such as Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens, as well as Joo Koon MRT station being a five-minute drive away, adds to its appeal.
The expression of interest exercise is open now, and those interested in this quality property should not miss this chance.