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

JLL’s Zeng anticipates to see interest from both financiers and industrialists provided the shortage of freehold strata units in the city fringe. With the leaseback by the vendor, investors appreciate prompt rental revenue stream he adds. Purchasers may additionally explore strata subdividing the whole lot, based on authorities’ authorization. No Additional Buyer’s Stamp Duty applies on the purchase of the acquisition, and immigrants are eligible.

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

Sant Ritz Site Plan

A freehold strata industrial device at Delta House, situated along Alexandra Road, is on the market for sale by exclusive treaty with JLL as the unique advertising and marketing representative. The indicative rate for the unit with a strata area of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore director of resources markets.

The device inhabits close to 65% of the whole flooring, and represents regarding 10% of the complete strata area as well as overall share value at Delta House. The seven-storey flatted factory has a preschool on the very first floor, with upper stories real estate manufacturing rooms, storage facilities as well as secondary offices.
The sale is subject to existing tenancies with staggered lease expiry dates. According to Zeng, the supplier plans to rent back most of the space that it’s inhabiting. The device has home windows on 3 sides, direct guest as well as cargo lift accessibility along with 8 reserved parking spaces.