Strata industrial unit at Delta House on the market for sale and lease back at $30 mil
A property strata commercial system at Delta House, located along Alexandra Road, is on the market to buy by private treaty with JLL as the unique marketing representative. The a sign rate for the system with a strata location of 23,562 sq ft is $30 million or $1,237 psf, states Victor Zeng, JLL Singapore director of capital markets.
JLL’s Zeng anticipates to see rate of interest from both manufacturers and capitalists given the shortage of estate strata devices in the city edge. Purchasers may also discover strata partitioning the lot, subject to authorities’ approval.
The system occupies close to 65% of the entire flooring, as well as represents regarding 10% of the total strata location as well as total share value at Delta House. The seven-storey flatted factory has a preschool on the initial storey, with upper stories real estate production spaces, stockrooms as well as secondary workplaces.
The sale undergoes existing tenancies with staggered lease expiration dates. According to Zeng, the vendor prepares to rent back a lot of the space that it’s inhabiting. The device has home windows on 3 sides, direct traveler as well as freight lift accessibility along with eight scheduled garage.
Situated 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 simply a seven-minutes’ drive to the CBD.