The unit occupies close to 65% of the entire floor, and also represents concerning 10% of the total strata location and also overall share worth at Delta House. The seven-storey flatted manufacturing facility has a preschool on the initial storey, with upper stories housing production spaces, warehouses and supplementary workplaces.
The sale undergoes existing occupancies with staggered lease expiry days. According to Zeng, the supplier prepares to rent back most of the room that it’s occupying. The device has home windows on three sides, direct passenger and also cargo lift gain access to in addition to 8 scheduled parking spaces.
Located in the city fringe, Delta House is within 700m strolling range 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.
JLL’s Zeng expects to see rate of interest from both manufacturers as well as financiers provided the deficiency of property strata devices in the city edge. With the leaseback by the supplier, financiers enjoy prompt rental revenue stream he includes. Buyers might additionally explore strata subdividing the lot, subject to authorities’ approval. No Additional Buyer’s Stamp Duty applies on the acquisition of the purchase, and immigrants are eligible.
A freehold strata industrial device at Delta House, located along Alexandra Road, is on the market to buy by exclusive treaty with JLL as the exclusive advertising representative. The indicative cost for the system with a strata area of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore supervisor of funding markets.