Industrial building at 10 Toh Guan Road East up for sale
SINGAPORE (EDGEPROP) – Under the URA Master Plan (2019 ), the location is zoned for B2 commercial usage with a permissible plot proportion of 2.0. Presently, the location has a used plot proportion of 1.78.
The residential property is within walking range to Jurong East MRT Terminal and also there is a bus stop situated simply outside the commercial property.
A B2 industrial structure located at 10 Toh Guan Road East, in the Jurong Lake District, has actually been put up for sale through expression of interest. Cushman & Wakefield is the sole advertising representative for the sale.
There is an equity of 35 years remaining on the property’s 60-year lease contract, making it an appealing recommendation compared to various other websites with much shorter lease contract, states Brenda Ong, executive supervisor and also head of commercial & logistics, Singapore, at Cushman & Wakefield.
The commercial property consists of 5 floors and a cellar carpark. It has a gross floor location of roughly 145,366 sq ft. It is a build-to-suit commercial property that was finished in 2000 for its present support occupant, Hitachi Elevator Asia. Besides being the MNC’s regional head office, the building is mostly utilized as a solution base for Hitachi Elevator Asia’s distribution centre, sales, repair service as well as upkeep workshop.
“A private ownership means that there is no constraint on the contract, which translates right into an easier task process for the proprietors, along with no land lease application for the site,” she adds.
The expression of interest rate exercise for the residential property will close on April 29 at 3pm.
