Industrial building at 10 Toh Guan Road East up for sale
SINGAPORE (EDGEPROP) – The residential property comprises five levels and also a cellar carpark. It has a gross level area of approximately 145,366 sq ft. It is a build-to-suit building that was finished in 2000 for its existing support lessee, Hitachi Elevator Asia. Besides being the MNC’s regional head office, the property is mostly used as a solution base for Hitachi Elevator Asia’s circulation centre, sales, repair service and maintenance workshop.
“A private ownership implies that there is no constraint on the lease, which equates right into a simpler task process for the owners, in addition to no land rent application for the site,” she includes.
A B2 commercial building located at 10 Toh Guan Road East, in the Jurong Lake District, has been put up for sale using expression of rate of interest. Cushman & Wakefield is the sole marketing agent for the sale.
There is an equity of 35 years staying on the residential property’s 60-year rent, making it an eye-catching suggestion compared to various other sites with much shorter rent, claims Brenda Ong, executive director as well as head of commercial & logistics, Singapore, at Cushman & Wakefield.
Under the URA Master Plan (2019 ), the site is zoned for B2 industrial usage with an acceptable plot ratio of 2.0. Currently, the site has a used plot proportion of 1.78.
The building is within strolling range to Jurong East MRT Station as well as there is a bus stop situated just outside the property.
The expression of rate of interest exercise for the commercial property will close on April 29 at 3pm.
