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

The unit occupies close to 65% of the entire flooring, and represents about 10% of the complete strata location and complete share worth at Delta House. The seven-storey flatted manufacturing facility has a preschool on the very first storey, with upper stories housing production areas, stockrooms and also ancillary offices.
The sale is subject to existing tenancies with staggered lease expiry dates. According to Zeng, the vendor intends to lease back the majority of the area that it’s inhabiting. The device has windows on three sides, direct guest as well as freight lift accessibility as well as 8 reserved parking spaces.

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Found in the city fringe, Delta House is within 700m strolling distance to Tiong Bahru MRT terminal, near Tiong Bahru Plaza, Valley Point and also Great World City. It’s just a seven-minutes’ drive to the CBD.

A property strata industrial unit at Delta House, situated along Alexandra Road, is on the market for sale by personal treaty with JLL as the exclusive advertising and marketing representative. The a measure price for the device with a strata location of 23,562 sq ft is $30 million or $1,237 psf, states Victor Zeng, JLL Singapore director of resources markets.

JLL’s Zeng expects to see passion from both capitalists and industrialists provided the scarcity of freehold strata devices in the city edge. Customers may additionally explore strata subdividing the whole lot, subject to authorities’ approval.