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

Marina Gardens Lane Residences

A freehold strata industrial device at Delta House, located along Alexandra Road, is on the market offer for sale by exclusive treaty with JLL as the special advertising and marketing agent. The indicative price for the device with a strata location of 23,562 sq ft is $30 million or $1,237 psf, says Victor Zeng, JLL Singapore supervisor of resources markets.

Found in the city fringe, Delta House is within 700m strolling 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 unit inhabits close to 65% of the whole floor, and also represents concerning 10% of the total strata location as well as total share worth at Delta House. The seven-storey flatted factory has a preschool on the very first storey, with upper stories real estate production rooms, stockrooms and also ancillary offices.
The sale is subject to existing occupancies with staggered lease expiration dates. According to Zeng, the supplier plans to rent back a lot of the area that it’s inhabiting. The device has windows on three sides, direct passenger and cargo lift gain access to in addition to eight reserved parking spaces.

JLL’s Zeng anticipates to see passion from both manufacturers and also capitalists provided the shortage of estate strata units in the city edge. Purchasers may additionally explore strata partitioning the lot, subject to authorities’ approval.