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

Occupancy in the industrial sector has remained strong, according to Bolin, who adds that the leasing market for multi-user industrial developments are especially resilient despite the current economic climate.

Demand for quality warehouse spaces in Singapore is bolstered by the positive outlook for the country’s industrial sector and tight supply. This presents an opportunity for investors and owner-occupiers, as 7 Toh Tuck Link is strategically located and accessible to major manufacturing zones in Tuas, Jurong, Woodlands, and Ang Mo Kio.

Part of the Toh Tuck industrial estate, the building has a remaining leasehold tenure until November 2056 and a 93,658 sq ft site zoned for Business 2 industrial use with a permissible plot ratio of 1.6. Its gross floor area is approximately 140,250 Tengah EC sq ft, with levels 1 to 3 focused on warehouse space that is partially air-conditioned, and the ancillary office space sitting on level 4.

For storage needs, the property is equipped with 10 loading docks, as well as two five-tonne cargo lifts. Since the building is close to the Jurong East and Clementi residential areas, investors and occupiers alike enjoy access to a pool of workers nearby.

Graeme Bolin, CBRE’s head of occupier and leasing, industrial and logistics services, reveals that the industrial sector’s occupancy rates have remained steady despite the current economic climate. Multi-user industrial developments, in particular, have been resilient in leasing, making 7 Toh Tuck Link all the more attractive.

The building is now on the market via a private treaty with an indicative price of $30 million. CBRE is the exclusive marketing agent.