High Park Residences – Fernvale Road New Launch Condo by CEL Development

High Park Residences – Fernvale Road New Launch Condo by CEL Development. Register for Showflat and Preview

Strata industrial unit at Delta House on the market for sale and lease back at $30 mil

JLL’s Zeng anticipates to see rate of interest from both financiers and also manufacturers offered the scarcity of freehold strata systems in the city edge. With the leaseback by the supplier, capitalists appreciate instant rental revenue stream he adds. Customers may likewise explore strata subdividing the great deal, subject to authorities’ authorization. No Additional Buyer’s Stamp Duty is applicable on the purchase of the purchase, and also foreigners are eligible.

A freehold strata industrial unit at Delta House, situated along Alexandra Road, is on the market available by private treaty with JLL as the unique advertising and marketing agent. The a sign rate for the system with a strata area of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore director of funding markets.

Situated in the city fringe, Delta House is within 700m walking distance to Tiong Bahru MRT terminal, near Tiong Bahru Plaza, Valley Point as well as Great World City. It’s just a seven-minutes’ drive to the CBD.

Highpark Residences Details

The device inhabits near 65% of the entire floor, and also represents regarding 10% of the overall strata location and also complete share worth at Delta House. The seven-storey flatted factory has a preschool on the first storey, with upper stories real estate production spaces, stockrooms and also secondary offices.
The sale undergoes existing tenancies with staggered lease expiration days. According to Zeng, the vendor intends to rent back a lot of the area that it’s inhabiting. The unit has windows on 3 sides, direct guest as well as cargo lift accessibility as well as eight reserved parking spaces.

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