JLL’s Zeng anticipates to see interest from both capitalists as well as industrialists given the scarcity of property strata units in the city fringe. With the leaseback by the supplier, investors appreciate prompt rental income stream he includes. Buyers might also check out strata partitioning the whole lot, based on authorities’ authorization. No Additional Buyer’s Stamp Duty is applicable on the purchase of the acquisition, and immigrants are qualified.
The device occupies near to 65% of the entire floor, and also stands for regarding 10% of the total strata area as well as total share value at Delta House. The seven-storey flatted factory has a preschool on the initial storey, with upper stories housing production rooms, stockrooms and also secondary workplaces.
The sale is subject to existing occupancies with staggered lease expiration dates. According to Zeng, the vendor plans to lease back most of the space that it’s occupying. The unit has home windows on 3 sides, direct traveler as well as freight lift access in addition to eight scheduled garage.
Found 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.
An estate strata industrial unit at Delta House, situated along Alexandra Road, is on the market for sale by private treaty with JLL as the special advertising agent. The indicative rate for the unit with a strata area of 23,562 sq ft is $30 million or $1,237 psf, says Victor Zeng, JLL Singapore director of resources markets.