Industrial building at 10 Toh Guan Road East up for sale

SINGAPORE (EDGEPROP) – A B2 commercial building located at 10 Toh Guan Road East, in the Jurong Lake District, has actually been put up for sale via expression of interest rate. Cushman & Wakefield is the sole advertising agent for the sale.

There is an equity of 35 years staying on the building’s 60-year lease, making it an eye-catching suggestion contrasted to other websites with shorter leases, claims Brenda Ong, executive director as well as head of industrial & logistics, Singapore, at Cushman & Wakefield.

“A private ownership suggests that there is no constraint on the lease contract, which translates into a less complex assignment process for the owners, along with no land rent application for the website,” she adds.

Under the URA Master Plan (2019 ), the location is zoned for B2 industrial use with an acceptable plot proportion of 2.0. Presently, the location has a used plot ratio of 1.78.
The property is within strolling range to Jurong East MRT Station and there is a bus stop located simply outside the property.

Avenue South Residence showflat

The building comprises five floors as well as a basement carpark. It has a gross floor area of about 145,366 sq ft. It is a build-to-suit property that was completed in 2000 for its existing anchor renter, Hitachi Elevator Asia. Apart from being the MNC’s local head office, the residential property is primarily made use of as a service base for Hitachi Elevator Asia’s distribution centre, sales, repair and also maintenance works.

The expression of interest exercise for the building will certainly close on April 29 at 3pm.

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