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

The system occupies near to 65% of the whole floor, as well as stands for about 10% of the total strata location and also complete share value at Delta House. The seven-storey flatted factory has a preschool on the first floor, with upper stories housing manufacturing spaces, storehouses and also supplementary offices.
The sale undergoes existing occupancies with staggered lease expiry dates. According to Zeng, the vendor prepares to rent back a lot of the room that it’s occupying. The system has home windows on 3 sides, direct passenger as well as freight lift gain access to as well as 8 reserved The Myst parking spaces.

Signature at Yishun location

Found in the city fringe, Delta House is within 700m walking 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.

JLL’s Zeng anticipates to see interest from both financiers as well as industrialists offered the deficiency of freehold strata devices in the city edge. With the leaseback by the vendor, financiers enjoy instant rental earnings stream he adds. Customers might additionally explore strata partitioning the lot, subject to authorities’ authorization. No Additional Buyer’s Stamp Duty applies on the acquisition of the purchase, and immigrants are qualified.

A freehold strata industrial device at Delta House, situated along Alexandra Road, gets on the marketplace available for sale by private treaty with JLL as the unique marketing agent. The a measure rate for the device with a strata area of 23,562 sq ft is $30 million or $1,237 psf, states Victor Zeng, JLL Singapore director of funding markets.