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

Riviere Condo

Situated in the city fringe, Delta House is within 700m strolling range to Tiong Bahru MRT station, near Tiong Bahru Plaza, Valley Point and also Great World City. It’s simply a seven-minutes’ drive to the CBD.

The system inhabits near to 65% of the whole flooring, and stands for about 10% of the complete strata location and overall share worth at Delta House. The seven-storey flatted factory has a preschool on the initial storey, with upper stories housing production spaces, stockrooms and ancillary offices.
The sale goes through existing tenancies with staggered lease expiration dates. According to Zeng, the vendor prepares to rent back most of the space that it’s inhabiting. The device has windows on 3 sides, straight passenger as well as freight lift gain access to as well as 8 reserved garage.

A property strata commercial device at Delta House, situated along Alexandra Road, gets on the market offer for sale by personal treaty with JLL as the special marketing agent. The a sign cost for the unit with a strata location of 23,562 sq ft is $30 million or $1,237 psf, says Victor Zeng, JLL Singapore director of capital markets.

JLL’s Zeng expects to see passion from both manufacturers as well as financiers given the deficiency of estate strata systems in the city edge. Customers may additionally discover strata subdividing the whole lot, subject to authorities’ approval.

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