Entertainment and retail complex SuperBowl Jurong is up for sale by expression of interest, with an indicative price of $20 million.
The property at 1 and 3 Yuan Ching Road comprises three two-storey blocks, with a total net floor area of about 111,000 sq ft. One block includes a section that is three storeys high.
The complex sits on a 234,152 sq ft site, with a JTC lease of 30 years from Jan 1, 2002. The site is zoned for commercial and residential use under the 2014 Master Plan.
"SuperBowl Jurong currently enjoys a high occupancy rate of 99.6 per cent, with a strong tenant profile - including Sheng Shiong supermarket, McDonald's, Subway and SuperBowl," marketing agent Colliers International said in a press statement. Mr Tan Boon Leong, executive director of Industrial Services at Colliers, said the complex "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."
The buyer could consider minor refurbishment works to freshen up the development, said Mr Tan.
The property enjoys frontage along Jalan Ahmad Ibrahim and
Ayer Rajah Expressway, and the immediate area is a mix of residential and industrial estates.
"The Jurong Lake District has undergone a metamorphosis to become a vibrant commercial hub... The bustle will continue and spread when the Singapore-Kuala Lumpur high-speed rail terminus, the edutainment clusters, park connectors and pedestrian linkages to surrounding areas, such as Taman Jurong and Yuan Ching, are completed in another few years," said Mr Tan.
The expression of interest closes on Oct 15.