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

JLL’s Zeng anticipates to see interest from both investors and manufacturers offered the scarcity Tampines Ave 11 Condo of estate strata systems in the city edge. With the leaseback by the supplier, financiers appreciate instant rental earnings stream he includes. Purchasers might also check out strata subdividing the great deal, subject to authorities’ approval. No Additional Buyer’s Stamp Duty is applicable on the purchase of the purchase, and also foreigners are qualified.

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

The device inhabits close to 65% of the entire floor, as well as stands for about 10% of the complete strata location and overall share worth at Delta House. The seven-storey flatted manufacturing facility has a preschool on the initial storey, with upper stories housing manufacturing rooms, warehouses and supplementary offices.
The sale goes through existing tenancies with staggered lease expiry days. According to Zeng, the vendor plans to lease back the majority of the space that it’s inhabiting. The system has home windows on three sides, direct guest as well as freight lift access in addition to eight scheduled garage.

A property strata commercial device at Delta House, located along Alexandra Road, is on the market up for sale by exclusive treaty with JLL as the special advertising and marketing representative. The a measure cost for the device with a strata area of 23,562 sq ft is $30 million or $1,237 psf, states Victor Zeng, JLL Singapore supervisor of resources markets.

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