Industrial building at 10 Toh Guan Road East up for sale
SINGAPORE (EDGEPROP) – The commercial property makes up 5 floors and also a cellar carpark. It has a gross level location of roughly 145,366 sq ft. It is a build-to-suit building that was finished in 2000 for its present support tenant, Hitachi Elevator Asia. Apart from being the MNC’s local headquarters, the property is largely utilized as a solution base for Hitachi Elevator Asia’s distribution centre, sales, repair work and maintenance sessions.
Under the URA Master Plan (2019 ), the site is zoned for B2 industrial use with a permitted plot proportion of 2.0. Currently, the site has a used plot proportion of 1.78.
The residential property is within walking distance to Jurong East MRT Station and there is a bus stop situated simply outside the building.
“A private ownership implies that there is no restriction on the rent, which translates into a less complex job procedure for the owners, as well as no land lease application for the site,” she includes.
A B2 industrial building located at 10 Toh Guan Road East, in the Jurong Lake District, has been put up for sale using expression of interest rate. Cushman & Wakefield is the single advertising and marketing agent for the sale.
There is a balance of 35 years continuing to be on the building’s 60-year rent, making it an attractive proposal compared to other sites with much shorter rent, claims Brenda Ong, executive supervisor and also head of commercial & logistics, Singapore, at Cushman & Wakefield.
The expression of rate of interest exercise for the commercial property will close on April 29 at 3pm.