JLL’s Zeng anticipates to see passion from both manufacturers and also financiers offered the deficiency of freehold strata devices in the city fringe. With the leaseback by the supplier, capitalists take pleasure in immediate rental revenue stream he includes. Buyers might also explore strata subdividing the lot, based on authorities’ approval. No Additional Buyer’s Stamp Duty applies on the purchase of the acquisition, and foreigners are eligible.
Situated in the city edge, Delta House is within 700m walking distance to Tiong Bahru MRT station, near Tiong Bahru Plaza, Valley Point and Great World City. It’s just a seven-minutes’ drive to the CBD.
An estate strata industrial device at Delta House, located along Alexandra Road, gets on the market up for sale by exclusive treaty with JLL as the unique advertising representative. The indicative cost for the unit with a strata location of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore supervisor of funding markets.
The device occupies close to 65% of the entire floor, and stands for about 10% of the complete strata area and complete share value at Delta House. The seven-storey flatted manufacturing facility has a preschool on the very first storey, with upper stories housing manufacturing areas, stockrooms and also ancillary offices.
The sale goes through existing occupancies with staggered lease expiry dates. According to Zeng, the supplier intends to rent back a lot of the area that it’s occupying. The system has windows on 3 sides, direct guest as well as freight lift gain access to as well as 8 scheduled parking spaces.