A freehold strata commercial device at Delta House, located along Alexandra Road, is on the market available by personal treaty with JLL as the unique marketing representative. The a measure rate for the system with a strata location of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore supervisor of resources markets.
The unit occupies near to 65% of the entire flooring, and also stands for about 10% of the complete strata area as well as total share worth at Delta House. The seven-storey flatted manufacturing facility has a preschool on the first floor, with upper stories real estate manufacturing rooms, storage facilities as well as 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 home windows on 3 sides, straight passenger and also cargo lift gain access to along with 8 scheduled garage.
JLL’s Zeng expects to see passion from both industrialists as well as financiers provided the deficiency of freehold strata systems in the city fringe. With the leaseback by the supplier, financiers take pleasure in instant rental revenue stream he includes. Buyers might also discover strata subdividing the great deal, based on authorities’ authorization. No Additional Buyer’s Stamp Duty is applicable on the purchase of the purchase, and foreigners are eligible.
Found in the city edge, Delta House is within 700m strolling range 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.