For sale at $30 million is an industrial facility on Toh Tuck Link

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A four-storey warehouse that also houses office space in 7.7 toh Tuck Link is currently on the market with an estimated price at $30 million. According to the marketing agency CBRE the deal will be made through a private treaty.

It is situated within The Toh Tuck industrial estate, the property is situated built on a 93,658 sq feet site that is zoned to Business 2 industrial use with an allowed proportion of 1.6. It is a leasehold lease until the end of November 2056. The building covers a gross floor area of 140,250 square feet. Levels 1 and 3 contain warehouse space that is air-conditioned partially, and the office space is on the fourth level. The property is equipped with 10 loading docks, and two five-ton cargo lifts.

Graeme Bolin, CBRE’s head of leasing and occupying industrial and logistics services, says the demand for warehouse space that is of high quality remains buoyed by the bright prospects for Singapore’s industry sector, and the tight availability.

He further states: “7 Toh Tuck Link due to its central location and its proximity to the major manufacturing zones of Tuas, Jurong, Woodlands and Ang Mo Kio, presents an excellent opportunity for both owners and investors alike. The property is especially appealing due to its immediate accessibility to a large pool of people from Jurong East as well as Clementi residential areas that are close by.”