Industrial building on Toh Tuck Link for sale at $30 mil

Recent Senja Close EC industrial transactions within a 500m radius of 7 Toh Tuck Link include the deal for 10 Tuas Avenue 10 and the sale of former BOC gas site.

CBRE’s Bolin reveals that the private treaty sale of 7 Toh Tuck Link is indicative of the growing trend of private treaty deals as many owners look to keep transactions off market, retaining confidentiality.

Located in the Toh Tuck industrial estate, 7 Toh Tuck Link is a four-storey logistics building with ancillary office space. It is on the market with an indicative price of $30 million and offers a remaining leasehold tenure of 30 years until November 2056. The building, which sits on a 93,658 sq ft site zoned for Business 2 industrial use, has a gross floor area of approximately 140,250 sq ft.

This property offers ten loading docks, as well as two five-tonne cargo lifts, making it a perfect choice for investors and owner-occupiers alike due to its strategic location near major manufacturing zones in Tuas, Jurong, Woodlands and Ang Mo Kio. The immediate access to a pool of workers from the nearby Jurong East and Clementi residential areas further enhances the property’s appeal.

Graeme Bolin, CBRE’s head of occupier and leasing, industrial and logistics services, comments: “Demand for quality warehouse spaces remains bolstered by the positive outlook for Singapore’s industrial sector, in addition to tight supply. The private treaty sale of 7 Toh Tuck Link is reflective of the growing trend of private deals as many owners look to keep transactions off market, retaining confidentiality.”

Recent industrial transactions within a 500m radius of 7 Toh Tuck Link include the sale of 10 Tuas Avenue 10 and the former BOC gas site.

The indicative price tag of $30 million for 7 Toh Tuck Link makes it an attractive investment opportunity for those seeking quality warehouse space in a strategic location. With a remaining leasehold tenure of 30 years, this property offers a lucrative chance to take advantage of the positive outlook of Singapore’s industrial sector, while also benefiting from the immediate access to a pool of workers from nearby residential areas.

This is a great opportunity to invest in a quality warehouse space, and of course the private treaty sale of 7 Toh Tuck Link is indicative of the growing trend of owners keeping transactions off market in order to retain confidentiality. The recent industrial transactions within a 500m radius further enhance the appeal of the property.