Industrial building at 10 Toh Guan Road East up for sale
SINGAPORE (EDGEPROP) – “A private ownership suggests that there is no restriction on the lease contract, which converts right into a simpler job process for the proprietors, as well as no land rental fee application for the site,” she adds.
Under the URA Master Plan (2019 ), the location is zoned for B2 commercial usage with an allowable plot proportion of 2.0. Currently, the location has a used plot ratio of 1.78.
The property is within strolling distance to Jurong East MRT Terminal and there is a bus stop situated simply outside the residential property.
The building makes up 5 floors as well as a cellar carpark. It has a gross floor location of around 145,366 sq ft. It is a build-to-suit property that was finished in 2000 for its current support renter, Hitachi Elevator Asia. Other than being the MNC’s local head office, the property is mostly utilized as a solution base for Hitachi Elevator Asia’s distribution centre, sales, fixing as well as upkeep workshop.
There is a balance of 35 years continuing to be on the commercial property’s 60-year lease contract, making it an attractive proposal contrasted to other sites with much shorter lease contract, says Brenda Ong, executive supervisor and head of commercial & logistics, Singapore, at Cushman & Wakefield.
A B2 commercial structure located at 10 Toh Guan Road East, in the Jurong Lake District, has actually been offered via expression of rate of interest. Cushman & Wakefield is the sole marketing agent for the sale.
The expression of interest rate exercise for the building will certainly close on April 29 at 3pm.
