Industrial building on Toh Tuck Link for sale at $30 mil
/ EdgeProp Singapore |
The property at 7 Toh Tuck Link (Picture: CBRE)
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SINGAPORE (EDGEPROP) - A four-storey logistics building with ancillary office space at 7 Toh Tuck Link is on the market with an indicative price of $30 million. According to marketing agent CBRE, the sale will be via a private treaty.
Located in the Toh Tuck industrial estate, the building is on a 93,658 sq ft site zoned for Business 2 industrial use with a permissible plot ratio of 1.6. It has a remaining leasehold tenure until November 2056. The building has a gross floor area of approximately 140,250 sq ft. Levels 1 to 3 comprise warehouse space which is partially air-conditioned, while the ancillary office space sits on level 4. The property comes with ten loading docks, as well as two five-tonne cargo lifts.
Map of 7 Toh Tuck Link and table showing recent industrial transactions within a 500m (Source: EdgeProp LandLens)
Graeme Bolin, CBRE’s head of occupier and leasing, industrial and logistics services, says demand for quality warehouse spaces remains bolstered by the positive outlook for Singapore’s industrial sector, in addition to tight supply.
He adds: “7 Toh Tuck Link, with its strategic location and proximity to major manufacturing zones in Tuas, Jurong, Woodlands and Ang Mo Kio, presents a timely opportunity for investors and owner-occupiers alike. The property will be particularly attractive because of the immediate access to a pool of workers from the Jurong East and Clementi residential areas nearby.”
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