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

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

Found in the city edge, Delta House is within 700m strolling distance to Tiong Bahru MRT terminal, near Tiong Bahru Plaza, Valley Point and Great World City. It’s just a seven-minutes’ drive to the CBD.

JLL’s Zeng expects to see interest from both financiers as well as industrialists offered the deficiency of property strata systems in the city edge. With the leaseback by the supplier, investors enjoy prompt rental revenue stream he includes. Customers may also explore strata partitioning the lot, based on authorities’ authorization. No Additional Buyer’s Stamp Duty applies on the purchase of the purchase, as well as foreigners are qualified.

The device inhabits near to 65% of the whole floor, and also represents about 10% of the overall strata area as well as complete share worth at Delta House. The seven-storey flatted factory has a preschool on the initial floor, with upper stories real estate manufacturing areas, warehouses and ancillary offices.
The sale is subject to existing occupancies with staggered lease expiration dates. According to Zeng, the supplier prepares to rent back most of the space that it’s inhabiting. The unit has windows on 3 sides, direct guest and also freight lift accessibility in addition to 8 scheduled parking spaces.

An estate strata commercial device at Delta House, located along Alexandra Road, gets on the market to buy by private treaty with JLL as the unique advertising agent. The a sign rate for the device with a strata area of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore director of resources markets.

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