JLL, the exclusive marketing agent, has launched a freehold strata industrial unit in Delta House (“Property”) for sale by private treaty with an indicative price of $30 million.  The Property is within a 7-storey flatted factory comprising a preschool on the first storey, with the upper stories housing production spaces, warehouses and ancillary offices. The unit has direct passenger and cargo lift accesses and 8 exclusive carpark lots.

The Property has a strata area of about 23,562 sqft and represents about 10% of the total strata area and total share value. It occupies close to 65% of the entire floor strata area and has windows on 3 sides of the strata lot. The sale is subject to existing tenancies with staggered lease expiry dates. The Vendor plans to leaseback most of the space that they are occupying. No Additional Buyer’s Stamp Duty is applicable on the purchase of the Property, and foreigners are eligible to purchase.

Delta House is within 700m walking distance to Tiong Bahru MRT station. Nearby popular amenities include Tiong Bahru Plaza, Valley Point and Great World City. The site is also accessible via major roads and expressways such as the Central Expressway and Ayer Rajah Expressway. The CBD is merely 7 minutes’ drive away.

Victor Zeng, Director at JLL Singapore Capital Markets, said: “We expect strong interest from investors and industrialists as freehold city fringe industrial units are hard to come by and investors enjoy immediate income stream. Strata unit of more than 20,000 sqft is rarely available for sale in this development. Buyers may explore strata subdividing the lot, subject to authorities’ approval.”

The guide price of $30 million translates to $1,273 psf on the strata area.

To request a copy of the Information Memorandum please contact the marketing agent Victor Zeng, Director at JLL Singapore Capital Markets via the contact details below.