JLL’s Zeng anticipates to see interest from both capitalists as well as manufacturers offered the scarcity of freehold strata systems in the city edge. Customers might also explore strata partitioning the lot, subject to authorities’ authorization.
A property strata industrial unit at Delta House, situated along Alexandra Road, gets on the marketplace offer for sale by exclusive treaty with JLL as the exclusive advertising and marketing representative. The indicative cost for the system with a strata area of 23,562 sq ft is $30 million or $1,237 psf, states Victor Zeng, JLL Singapore director of resources markets.
Situated in the city fringe, 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.
The device inhabits close to 65% of the entire floor, and also stands for concerning 10% of the total strata area and complete share worth at Delta House. The seven-storey flatted factory has a preschool on the first floor, with upper stories real estate manufacturing rooms, warehouses as well as supplementary workplaces.
The sale is subject to existing tenancies with staggered lease expiration dates. According to Zeng, the vendor prepares to lease back a lot of the area that it’s occupying. The device has home windows on 3 sides, straight guest as well as freight lift accessibility as well as eight reserved garage.