For a potential buyer looking to acquire an industrial site for shipbuilding, repair or maintenance activities, 1 Benoi Road in Jurong Industrial Estate offers an ideal opportunity. The property has a site area of over 500,000 sq ft with waterfront access, and is located at the junction of Benoi Road and Pioneer Road, roughly 24km from the City Centre. It includes a two-storey office block with a single-storey annexe office, three blocks of single-storey workshop, a mould loft building, a fabrication workshop and wharf.
The plot is regular in shape with a corner frontage of about 255m on Benoi Road and Pioneer Road, with an average plot depth of about 213m. Adjacent to it lies an approximately 230m frontage along the waterfront. It is generally at an access-road level with a flat contour, making it suitable for companies looking to expand their business.
Huttons Asia, the marketing agent for the property, has set a guide price of $11.3 million for the sale, which is subject to approval from relevant authorities. The EOI exercise for the property closes on April 27 at 3pm.
Recent transactions of industrial property in the vicinity of 1 Benoi Road may be indicative of the plot’s potential for future growth. In December 2020, a 328,105 sq ft plot at 5 Benoi Road was purchased at $10.5 million. Moreover, a shipyard with a site area of about 1.5 million sq ft at 55 Gul Road located 10 minutes away from 1 Benoi Road was acquired by ST Engineering for $95 million in February this year.
For anyone looking to take advantage of this rare opportunity to venture into shipbuilding or maintenance activities, 1 Benoi Road could make an ideal investment.