Strata industrial unit at Delta House on the market for sale and lease back at $30 mil

Situated in the city fringe, Delta House is within 700m walking range to Tiong Bahru MRT station, near Lorong 1 Toa Payoh Condo Tiong Bahru Plaza, Valley Point as well as Great World City. It’s just a seven-minutes’ drive to the CBD.

A property strata commercial system at Delta House, located along Alexandra Road, is on the marketplace offer for sale by private treaty with JLL as the unique advertising and marketing agent. The a measure price for the device with a strata area of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore director of funding markets.

JLL’s Zeng anticipates to see interest from both capitalists as well as manufacturers offered the deficiency of property strata systems in the city edge. With the leaseback by the supplier, investors enjoy immediate rental income stream he adds. Customers might likewise discover strata subdividing the great deal, subject to authorities’ authorization. No Additional Buyer’s Stamp Duty applies on the acquisition of the purchase, and also immigrants are eligible.

The device occupies close to 65% of the entire floor, as well as represents concerning 10% of the total strata location and also complete share value at Delta House. The seven-storey flatted manufacturing facility has a preschool on the first storey, with upper stories real estate manufacturing spaces, stockrooms and supplementary offices.
The sale undergoes existing occupancies with staggered lease expiry days. According to Zeng, the supplier prepares to rent back the majority of the space that it’s occupying. The device has Tengah Plantation Close EC home windows on 3 sides, straight guest as well as freight lift accessibility in addition to 8 reserved garage.

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