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

The device inhabits near to 65% Orchard Road Condo of the whole floor, as well as stands for concerning 10% of the complete strata area and overall share worth at Delta House. The seven-storey flatted manufacturing facility has a preschool on the very first storey, with upper stories real estate manufacturing areas, storage facilities and ancillary workplaces.
The sale goes through existing tenancies with staggered lease expiry days. According to Zeng, the supplier intends to rent back the majority of the area that it’s inhabiting. The unit has home windows on three sides, direct traveler and cargo lift gain access to along with 8 scheduled garage.

JLL’s Zeng anticipates to see passion from both capitalists as well as industrialists provided the scarcity of property strata devices in the city fringe. With the leaseback by the supplier, investors enjoy instant rental income stream he adds. Customers might likewise explore strata partitioning the lot, subject to authorities’ approval. No Additional Buyer’s Stamp Duty applies on the acquisition of the purchase, and also immigrants are eligible.

Fourth Avenue Residences Site Plan

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

An estate strata industrial device at Delta House, situated along Alexandra Road, gets on the market up for sale by exclusive treaty with JLL as the exclusive advertising and marketing agent. 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 director of capital markets.

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