The unit occupies near to 65% of the whole flooring, Lorong 1 Toa Payoh Condo as well as stands for regarding 10% of the overall strata area and also overall share worth at Delta House. The seven-storey flatted factory has a preschool on the initial storey, with upper stories housing production spaces, storage facilities as well as ancillary workplaces.
The sale goes through existing tenancies with staggered lease expiry days. According to Zeng, the vendor intends to lease back the majority of the space that it’s occupying. The unit has home windows on three sides, direct traveler and freight lift gain access to along with eight scheduled parking spaces.
A property strata industrial system at Delta House, located along Alexandra Road, is on the marketplace for sale by exclusive treaty with JLL as the exclusive advertising and marketing representative. The indicative cost for the unit with a strata area of 23,562 sq ft is Bukit Batok EC $30 million Holland Drive Condo or $1,237 psf, claims Victor Zeng, JLL Singapore supervisor of funding markets.
Found in the city edge, Delta House is within 700m walking distance to Tiong Bahru MRT terminal, near Tiong Bahru Plaza, Valley Point and Great World City. It’s simply a seven-minutes’ drive to the CBD.
JLL’s Zeng expects to see rate Orchard Road Condo of interest from both financiers and manufacturers given the shortage of freehold strata devices in the city edge. With the leaseback by the supplier, investors take pleasure in instant rental income stream he adds. Buyers may also explore strata partitioning the whole lot, based on authorities’ approval. No Additional Buyer’s Stamp Duty applies on the purchase of the acquisition, and immigrants are eligible.