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

JLL’s Zeng anticipates to see passion from both manufacturers and capitalists given the deficiency of freehold strata devices in the city edge. Purchasers might additionally check out strata subdividing the great deal, subject to authorities’ authorization.

Found in the city fringe, Delta House is within 700m walking range to Tiong Bahru MRT station, near Tiong Bahru Plaza, Valley Point and Great World City. It’s simply a seven-minutes’ drive to the CBD.

The unit occupies near 65% of the entire floor, as well as represents about 10% of the total strata area as well as overall share worth at Delta House. The seven-storey flatted manufacturing facility has a preschool on the first storey, with upper stories real estate manufacturing spaces, storehouses and ancillary workplaces.
The sale is subject to existing occupancies with staggered lease expiry days. According to Zeng, the supplier prepares to lease back most of the space that it’s inhabiting. The device has home windows on three sides, direct traveler and also freight lift gain access to as well as eight reserved garage.

A freehold strata industrial device at Delta House, situated along Alexandra Road, gets on the marketplace up for sale by personal treaty with JLL as the exclusive advertising and marketing agent. The a measure cost for the device with a strata area of 23,562 sq ft is $30 million or $1,237 psf, says Victor Zeng, JLL Singapore director of capital markets.

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