SINGAPORE - SuperBowl Jurong is up for sale with an indicative price of $20 million.

Colliers International in a release on Monday (Sept 14) invited interested parties to submit their offer for the entertainment complex at 1 and 3 Yuan Ching Road.

The deadline is 3pm on Oct 15.

The property comprises a part-two/part-three-storey block and a pair of two-storey blocks with a total net floor area of about 111,000 sq ft.

It sits on a 234,152 sq ft site, which has a JTC lease of 30 years with effect from Jan 1, 2002.

Under the 2014 Master Plan, the site is zoned for commercial and residential use.

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, said Colliers.

Said Mr Tan Boon Leong, its executive director of industrial services: "SuperBowl Jurong has always been a landmark in the Yuan Ching area, where it enjoys a large catchment consumer base of Yuan Ching and Jurong residents."

He added: "The Jurong Lake District has undergone a metamorphosis to become a vibrant commercial hub in recent years. The bustle will continue and spread when the Singapore-Kuala-Lumpur high-speed rail terminus, the edutainment clusters, as well as park connectors and pedestrian linkages to surrounding areas such as Taman Jurong and Yuan Ching, are completed in another few years."