CBRE’s Bolin notes that the sale of 7 Toh Tuck Link is expected to attract strong interest from investors and owner-occupiers due to the property’s immediate access to a vibrant pool of workers from the nearby Jurong East and Clementi residential areas.

The building, which is located in the Toh Tuck industrial estate, is on a 93,658 sq ft site zoned for Business 2 industrial use with a remaining leasehold tenure until November 2056. It has an indicative price of $30 million, and comes with ten loading docks and two five-tonne cargo lifts.

The property has a gross floor area of approximately 140,250 sq ft, with Levels 1 to 3 comprising warehouse space which is partially air-conditioned. Furthermore, ancillary office space is situated on Level 4.

The sale of 7 Toh Tuck Link will be conducted through a private treaty by the marketing agent, CBRE.

Singapore’s industrial sector has been met with positive outlook and is being cushioned by tight supply. This, coupled with the property’s strategic location, is set to attract the attention of investors and owner-occupiers alike.

Recent industrial transactions within a 500m radius of 7 Toh Tuck Link, as seen in the infographic below, has proven to be advantageous for the sale of the property.

Map of 7 Toh Tuck Link and table showing recent industrial transactions within a 500m (Source: EdgeProp LandLens)

Given the strong demand for quality warehouse spaces, the sale of 7 Toh Tuck Link is sure to draw keen investor and owner-occupier interest. Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services at CBRE, reinforces this sentiment, saying: “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.”

To summarise, the four-storey logistics building at 7 Toh Tuck Link is on the market with an indicative price of $30 million and is sure to garner interest from investors and owner-occupiers due to JCube Residence its strategic location, tight supply, low vacancy rates and its immediate access to a vibrant pool of workers from the nearby Jurong East and Clementi residential areas.