A freehold strata commercial unit at Delta House, located along Alexandra Road, is on the marketplace offer for sale by exclusive treaty with JLL as the unique marketing representative. The a sign cost for the system with a strata location of 23,562 sq ft is $30 million or $1,237 psf, states Victor Zeng, JLL Singapore supervisor of capital markets.
Situated in the city edge, Delta House is within 700m walking distance to Tiong Bahru MRT station, near Tiong Bahru Plaza, Valley Point and Great World City. It’s simply a seven-minutes’ drive to the CBD.
The unit occupies close to 65% of the entire flooring, and also represents regarding 10% of the total strata location and complete share worth at Delta House. The seven-storey flatted manufacturing facility has a preschool on the initial storey, with upper stories housing manufacturing areas, stockrooms as well as supplementary offices.
The sale goes through existing tenancies with staggered lease expiration days. According to Zeng, the vendor intends to rent back the majority of the area that it’s inhabiting. The device has windows on 3 sides, straight passenger as well as freight lift accessibility along with eight scheduled garage.
JLL’s Zeng expects to see rate of interest from both financiers and also industrialists given the deficiency of property strata devices in the city edge. Buyers may likewise explore strata partitioning the great deal, subject to authorities’ approval.