Industrial building on Toh Tuck Link for sale at $30 mil
The property at 7 Toh Tuck Link is on the market with an indicative price of $30 million. CBRE is conducting a private treaty sale for the building, which sits on a 93,658 sq ft site with a remaining leasehold tenure until November 2056. The four-storey building has a gross floor area of approximately 140,250 sq ft, housing warehouse space partially air-conditioned on levels 1 to 3 and ancillary office on level 4. It features ten loading docks and two five-tonne cargo lifts.
The industrial sector in Singapore has a positive outlook, with Bolin from CBRE adding that tight supply will drive the demand for quality warehouse spaces. He further comments that the property is strategically located with proximity to major manufacturing zones in Tuas, Jurong, Woodlands and Champions Way Condo Ang Mo Kio.
The access to a pool of workers from the Jurong East and Clementi residential areas nearby makes 7 Toh Tuck Link an attractive proposition for investors and owner-occupiers alike. Recent industrial transactions within a 500m radius provide a glimpse into the potential that the property offers.
With this opportunity in mind, potential investors will be keen to take note of the property’s attractive price and leasehold tenure. Those interested in this sale can look forward to strong potential returns with this property in the heart of Singapore’s industrial estate.
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