Industrial building at 10 Toh Guan Road East up for sale
SINGAPORE (EDGEPROP) – “A private ownership indicates that there is no limitation on the contract, which converts right into a simpler assignment procedure for the owners, along with no land lease application for the website,” she includes.
There is a balance of 35 years staying on the building’s 60-year rent, making it an attractive recommendation contrasted to various other sites with much shorter lease contract, states Brenda Ong, executive supervisor and also head of industrial & logistics, Singapore, at Cushman & Wakefield.
Under the URA Master Plan (2019 ), the location is zoned for B2 commercial usage with an acceptable plot ratio of 2.0. Presently, the location has an utilised plot ratio of 1.78.
The property is within strolling distance to Jurong East MRT Terminal and also there is a bus stop situated just outside the residential property.
A B2 commercial structure located at 10 Toh Guan Road East, in the Jurong Lake District, has been put up for sale through expression of rate of interest. Cushman & Wakefield is the single advertising and marketing agent for the sale.
The residential property comprises 5 floors and a cellar carpark. It has a gross floor area of approximately 145,366 sq ft. It is a build-to-suit property that was finished in 2000 for its existing anchor renter, Hitachi Elevator Asia. Other than being the MNC’s regional headquarters, the residential property is largely utilized as a solution base for Hitachi Elevator Asia’s distribution centre, sales, repair work as well as upkeep works.
The expression of interest rate exercise for the residential property will close on April 29 at 3pm.