The system occupies near to 65% of the entire flooring, as well as represents about 10% of the total strata location and overall share value at Delta House. The seven-storey flatted factory has a preschool on the first storey, with upper stories real estate production rooms, stockrooms as well as ancillary workplaces.
The sale undergoes existing tenancies with staggered lease expiration days. According to Zeng, the supplier plans to rent back the majority of the space that it’s inhabiting. The unit has windows on three sides, direct passenger and also freight lift access as well as eight reserved parking spaces.
A property strata commercial device at Delta House, located along Alexandra Road, gets on the marketplace up for sale by exclusive treaty with JLL as the exclusive advertising and marketing representative. The indicative price for the unit with a strata location of 23,562 sq ft is $30 million or $1,237 psf, says Victor Zeng, JLL Singapore supervisor of capital markets.
Found in the city edge, Delta House is within 700m strolling distance 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.
JLL’s Zeng anticipates to see rate of interest from both industrialists and also financiers offered the shortage of freehold strata devices in the city fringe. Buyers might additionally explore strata partitioning the lot, subject to authorities’ approval.