Found in the city fringe, Delta House is within 700m walking distance to Tiong Bahru MRT station, near Tiong Bahru Plaza, Valley Point and also Great World City. It’s just a seven-minutes’ drive to the CBD.
An estate strata industrial system at Delta House, located along Alexandra Road, is on the market up for sale by private treaty with JLL as the special marketing agent. The a sign cost for the system with a strata location of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore director of capital markets.
JLL’s Zeng anticipates to see interest from both capitalists and industrialists provided the shortage of freehold strata systems in the city edge. With the leaseback by the supplier, investors appreciate prompt rental earnings stream he adds. Customers might likewise explore strata subdividing the great deal, based on authorities’ approval. No Additional Buyer’s Stamp Duty is applicable on the acquisition of the acquisition, as well as immigrants are qualified.
The device inhabits close to 65% of the entire floor, and also stands for regarding 10% of the total strata area and overall share value at Delta House. The seven-storey flatted manufacturing facility has a preschool on the first floor, with upper stories real estate production spaces, warehouses and also supplementary workplaces.
The sale undergoes existing tenancies with staggered lease expiry days. According to Zeng, the supplier intends to lease Hillhaven Condo back the majority of the area that it’s inhabiting. The unit has windows on three sides, direct passenger and also freight lift accessibility as well as 8 reserved garage.