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

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

The unit inhabits near to 65% of the whole floor, and represents concerning 10% of the total strata location as well as complete share worth at Delta House. The seven-storey flatted manufacturing facility has a preschool on the very first floor, with upper stories housing manufacturing areas, stockrooms as well as supplementary workplaces.
The sale goes through existing occupancies with staggered lease expiration dates. According to Zeng, the vendor intends to lease back a lot of the room that it’s occupying. The system has home windows on 3 sides, direct guest and also freight lift access in addition to eight scheduled garage.

A freehold strata industrial unit at Delta House, located along Alexandra Road, is on the market available by exclusive treaty with JLL as the exclusive advertising representative. The indicative price for the system with a strata area of 23,562 sq ft is $30 million or $1,237 psf, says Victor Zeng, JLL Singapore director of funding markets.

JLL’s Zeng anticipates to see rate of interest from both industrialists and also capitalists given the shortage of property strata devices in the city fringe. With the leaseback by the supplier, financiers delight in instant rental revenue stream he adds. Purchasers may also check out strata partitioning the whole lot, subject to authorities’ authorization. No Additional Buyer’s Stamp Duty is applicable on the purchase of the acquisition, and also immigrants are qualified.

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