Industrial building at 10 Toh Guan Road East up for sale
SINGAPORE (EDGEPROP) – The residential property makes up five floors and 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 existing anchor tenant, Hitachi Elevator Asia. Besides being the MNC’s regional headquarters, the property is primarily made use of as a solution base for Hitachi Elevator Asia’s distribution centre, sales, repair and also upkeep workshop.
There is an equity of 35 years continuing to be on the residential property’s 60-year contract, making it an attractive recommendation compared to various other sites with shorter leases, states Brenda Ong, executive supervisor and also head of commercial & logistics, Singapore, at Cushman & Wakefield.
“A private ownership implies that there is no limitation on the rent, which equates into a less complex assignment procedure for the owners, as well as no land rental fee application for the website,” she includes.
Under the URA Master Plan (2019 ), the location is zoned for B2 commercial use with an allowable plot proportion of 2.0. Presently, the location has an utilised plot proportion of 1.78.
The commercial property is within strolling range to Jurong East MRT Terminal as well as there is a bus stop located simply outside the property.
A B2 commercial building situated at 10 Toh Guan Road East, in the Jurong Lake District, has been put up for sale through expression of interest. Cushman & Wakefield is the single advertising and marketing agent for the sale.
The expression of interest exercise for the property will close on April 29 at 3pm.