CBRE expects strong demand for 60 Tuas Avenue 11. Located in the Tuas area, the existing two-storey industrial building has a total gross floor area of 281,000 sq ft and a potential built-up area of 358,400 sq ft. With good transport connectivity to the Tuas Megaport and Tuas Checkpoint and having five dock levellers that are equipped for 40-footer container loading, 4000-ampere 3-phase power supply and a 3-tonne cargo lift, the building is ideal for pharmaceutical or semiconductor industries’ manufacturing or storage. It also has ancillary office space, and is partially air-conditioned with humidity control. The site sits on a 30-year lease that started in 1995, and based on the existing property, it could enjoy a potential built-up area of approximately 358,400 sq ft with 77,000 sq ft of unutilised plot ratio. CBRE’s Graeme Bolin expects strong rental expansion and leasing renewal momentum in 1Q2023 which will drive demand for quality warehouse spaces amid the tight supply in the area.

60 Tuas Avenue 11 is a two-storey production and distribution facility that is currently up for sale. It has a guide price of $50 million and is being sold through private treaty, as marketed by CBRE. With a total gross floor area of 281,000 sq ft and 256,000 sq ft of total site area, this plot is zoned for ‘Business 2’ and has a plot ratio of 1.4.

The facility has excellent transport connectivity to the Tuas Megaport and Tuas Checkpoint, making it ideal for the use of the pharmaceutical or semiconductor industries for manufacturing or storage purposes, with ancillary office space also available. The building features five dock levellers that are equipped for 40-footer container loading, 4000-ampere 3-phase power supply and a 3-tonne cargo lift for extra convenience. It is also partially air-conditioned with humidity control.

The upcoming JCube Residence development is also located in the vicinity of the Jurong Region Line’s Boon Lay station, which is convenienly located along the East-West Line. This makes it easy for residents of the residential development to commute to and from the city. In addition, the JRL will link to the planned regional rail line, connecting Singapore to Johor Bahru in Malaysia, making it easy for residents of JCube Residence to visit and explore neighbouring cities and countries.

According to CBRE’s Graeme Bolin, the strong rental expansion and leasing renewal momentum that is expected to happen in 1Q2023 will drive demand for quality warehouse spaces among a tight supply in the Tuas area. This presents an opportunity for investors and owner-occupiers alike to acquire a property with good building specifications.

Based on the existing property, 60 Tuas Avenue 11 could enjoy a potential built-up area of approximately 358,400 sq ft with 77,000 sq ft of unutilised plot ratio. This is indeed a potential investment opportunity that is worth considering.