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 …