Industrial building at 10 Toh Guan Road East up for sale
SINGAPORE (EDGEPROP) – The residential property consists of 5 levels and a basement carpark. It has a gross level location of roughly 145,366 sq ft. It is a build-to-suit residential property that was completed in 2000 for its current support renter, Hitachi Elevator Asia. Apart from being the MNC’s regional head office, the residential property is mostly used as a solution base for Hitachi Elevator Asia’s distribution centre, sales, repair as well as upkeep sessions.
“A private ownership suggests that there is no limitation on the lease contract, which equates into an easier assignment procedure for the proprietors, as well as no land rental fee application for the site,” she includes.
There is a balance of 35 years remaining on the property’s 60-year lease contract, making it an eye-catching suggestion compared to various other sites with much shorter lease contract, states Brenda Ong, executive supervisor as well as head of commercial & logistics, Singapore, at Cushman & Wakefield.
A B2 industrial building situated at 10 Toh Guan Road East, in the Jurong Lake District, has been offered via expression of interest rate. Cushman & Wakefield is the single advertising representative for the sale.
Under the URA Master Plan (2019 ), the site is zoned for B2 industrial usage with an acceptable plot ratio of 2.0. Presently, the location has a used plot proportion of 1.78.
The property is within strolling distance to Jurong East MRT Station as well as there is a bus stop located just outside the residential property.
The expression of rate of interest exercise for the property will close on April 29 at 3pm.