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

The sale of 7 Toh Tuck Link comes on the heels of healthy recent activity in the industrial market, especially in the western region of Singapore. According to data from EdgeProp Research, three industrial properties in the vicinity of 7 Toh Tuck Link have changed hands in the past six months.

The indicative price of $30 million for the property translates to about $213 psf of built-up area.

CBRE’s Bolin notes: “At the indicated price, we believe the asset Tengah Plantation EC presents a value proposition for an investor looking to acquire a competitively priced, well-located industrial asset.”

An attractive opportunity awaits investors and owner-occupiers alike in the sale of 7 Toh Tuck Link, a four-storey logistics building boasting ancillary office space located in the Toh Tuck industrial estate in Singapore. The property has a gross floor area of 140,250 sq ft and features ten loading docks and two five-tonne cargo lifts. It is zoned for Business 2 industrial use and comes with a remaining leasehold tenure until 2056.

CBRE, the property’s marketing agent, has set an indicative price of $30 million for the sale which will be conducted via private treaty. This translates to approximately $213 psf of built-up area – a value proposition for an investor looking to acquire a competitively priced, well-located industrial asset, according to Graeme Bolin, CBRE’s head of occupier and leasing, industrial and logistics services.

Recent activity in the industrial market has been robust, particularly in the western region of Singapore. Data from EdgeProp Research shows that three industrial properties in the vicinity of the Toh Tuck estate have changed hands in the past six months.

This strategic location, with immediate access to major manufacturing zones in Tuas, Jurong, Woodlands and Ang Mo Kio, also presents a timely opportunity for investors and owner-occupiers as it is close to a pool of workers from the Jurong East and Clementi residential areas. This presents an attractive package for investors and owner-occupiers alike.

The sale of 7 Toh Tuck Link is an attractive proposition that should not be missed. With its strategic location, nearby supply of workers, and competitive price tag, it’s a ready opportunity that offers immense potential returns.