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

An estate strata industrial unit at Delta House, situated along Alexandra Road, gets on the market available for sale by exclusive treaty with JLL as the special advertising agent. The a measure price for the device with a strata area of 23,562 sq ft is $30 million or $1,237 psf, says Victor Zeng, JLL Singapore supervisor of resources markets.

Kensington Square Condo

The system occupies near to 65% of the entire flooring, as well as stands for about 10% of the overall strata area and also complete share value at Delta House. The seven-storey flatted manufacturing facility has a preschool on the first storey, with upper stories real estate production areas, stockrooms and secondary workplaces.
The sale goes through existing occupancies with staggered lease expiration days. According to Zeng, the supplier intends to lease back the majority of the area that it’s inhabiting. The system has home windows on three sides, direct guest and cargo lift access along with eight scheduled garage.

JLL’s Zeng anticipates to see rate of interest from both investors and manufacturers offered the scarcity of estate strata devices in the city fringe. With the leaseback by the supplier, financiers enjoy immediate rental earnings stream he adds. Purchasers may also explore strata partitioning the great deal, subject to authorities’ approval. No Additional Buyer’s Stamp Duty is applicable on the purchase of the purchase, and foreigners are eligible.

Located in the city fringe, Delta House is within 700m walking distance to Tiong Bahru MRT terminal, near Tiong Bahru Plaza, Valley Point and Great World City. It’s simply a seven-minutes’ drive to the JCube Residence CBD.

Author: kensingtonissquare

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