At an indicative price of S$20 million, the sale will be via a private treaty. The land premium for both the site and jetty has been paid upfront.

Sitting on a 155,313 square-foot site, which has a remaining tenure of 30 years w.e.f. 22 January 2009, the industrial development has a total gross floor area of approximately 102,231 square-foot.

Additionally, the site also enjoys direct access to a dedicated jetty size of 6,535 square-foot, which has a remaining tenure of 25 years w.e.f. 21 January 2014.

Under the Master Plan 2019, the site is zoned for “Business 2” use with a plot ratio of 1.0, the new owner can potentially increase the built-up area to approximately 155,313 square feet.

Currently, the single-storey warehouse of some 20,000 square feet features a 14.9-metre ceiling height, with a floor loading of 30 to 40 kilonewton per square metre. It connects directly to the yard space with multiple overhead crane fixtures ranging from 20 to 50 tones, and hence, seamlessly facilitates the process of loading/unloading and storage of heavy goods and outsized cargos.

The property also comprises a fully fitted modern office and is served by 13 carpark lots and a passenger lift.

Mr Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services, says, “42H Penjuru Road boasting a dedicated jetty, will appeal strongly to industrialist involved in marine industrial activities. Considering the seamless access of the jetty from the production space, coupled with the ample yard space and overhead crane fixture, industrialists can transport and handle large bulky equipment safely and easily to and fro the locations.”

He adds, “The positive outlook for Singapore’s manufacturing sector will underpin demand for quality production and warehouse space. We expect strong interest to come from industries such as infrastructure, oil & gas, maritime sector and engineering, as 42H Penjuru Road presents a timely opportunity for investors and owner-occupiers alike, to acquire a prime industrial and logistics space that can house all functions of the business.”

Strategically located in the logistics, oil & gas cluster, and among operators in the maritime sector, 42H Penjuru Road is also within close proximity to PSA terminals, Jurong Port, International Business Park and Jurong Island. It is also easily accessible to other parts of Singapore via West Coast Highway and Ayer Rajah Expressway.